Gold Soars to Record High Amid Global Economic Uncertainty

Gold prices recently reached a new high, surpassing $3,167.67 per ounce on April 10th, 2025, driven by escalating global trade tensions and a shift in investor sentiment towards safe-haven assets. The surge reflects concerns about economic uncertainty stemming from increased tariffs between the U.S., China, and the EU. [Source: coincu.com] Central banks are also playing a role, with gold experiencing a significant year-to-date gain of 18.97%. Analysts anticipate further growth if current macroeconomic pressures continue, potentially reaching $3,200/oz in the near future. This is a trend mirrored by historical patterns seen in 2011 during the financial crisis.