Gold price eyes $3,000 as bullion surges on Trump tariff risks
Gold has firmly outpaced gains for the dollar since Trump was elected in November.
Gold prices surged to a fresh all-time high Monday, taking bullion's year-to-date gain past 10%, as global investors continue to seek safe-haven assets, while bypassing Treasury bond purchases, amid growing tariff and trade uncertainties tied to President Donald Trump.
Gold prices are now on pace to top the $3,000 mark for the first time on record after hitting an all-time peak of $2,907 per ounce in overnight trading following another weekend of tariff threats from President Trump, this time tied to steel and aluminum imports and comments that could raise concern about the fate of some U.S. Treasury securities.
