Gold price hits new record high as tariff worries intensify

Anadolu, Philippine News Agency

After hitting an all-time high, the price of gold currently stands around USD3,126 as of local time. (Pexels Photo)

ISTANBUL – The price of gold hit a new record on Monday, with an ounce trading at USD3,127.88 amid uncertainties caused by US President Donald Trump’s trade policies.

After hitting an all-time high, the price of gold currently stands around USD3,126 as of local time.

The ounce of gold rose 1.4 percent on Monday to set a new record.

The safe haven asset has gained around 15 percent since Trump took office on Jan. 20.

After starting 2025 at USD2,620, it has gained around USD506 in value since the beginning of the year.

While the ounce price of gold rose 27 percent throughout all of 2024, so far this year it has already gained around 19 percent.

US President Donald Trump on late Sunday announced that his reciprocal tariffs will target “all countries,” breaking expectations that only certain countries would be targeted. (Anadolu)