Gold Breaks Record High as Safe-Haven Demand Soars Amid Global Uncertainty

Gold prices reached a new all-time high on Wednesday, exceeding $3,317.90 before retreating slightly to $3,299.85 by 11:07 GMT. This surge coincides with growing global uncertainty and heightened investor interest in gold as a safe haven asset. President Donald Trump’s announcement of an investigation into new tariffs on critical mineral imports triggered a massive rush towards the metal. U.S. gold futures jumped 2.3% to $3,315.80, marking the most aggressive spike in 2025 so far.