Gold rises to new altitudes, as anxiety dominates markets. This is what you need to know

New York (AP) – Amidst economic turmoil, the price of gold has risen The levels have not seen before.

Golden futures exceeded $ 3,000 per ounce for the first time this week. The price of buying gold in the instant market in New York is closely following.

Interest in buying gold can rise sharply at times of uncertainty, as anxious investors seek safe havens for their money. Gold prices are now rising as US President Donald Trump’s policies began an international trade war that caused financial markets and threatened to renew inflation for families and companies alike.

If trends persist, analysts say the Gold price may continue to climb in the coming months. But precious metals are also volatile origins – so the future is never no longer.

Here is what to know.

What is the price of gold today?

Going for New York Spot Gold closed on Thursday at $ 2,988 per TRIY OUCE – the standard for measuring precious metals, equivalent to 31 grams – according to what he mentioned. This is more than $ 825 of the price of the golden category one year ago.

Golden futures exceeded a sign of $ 3,000 on Thursday. But from Friday afternoon, it decreased to a little more than $ 2,994.

The instant gold price has increased by almost 14 % since the beginning of 2025, on the basis of facts. In contrast, the stock market declined. The S& P 500 normative index has decreased more than 5 % this year with blue chips to fade. Apple, for example, was the worst week in five years.

Why the price of gold rises?

Many of it is lying in uncertainty. Attention to buying gold Mutations are usually when investors are concerned – there have been a lot of economic turmoil in recent months.

Today, the heaviest uncertainty lies with Trump’s escalation Trade war. The new president’s advertisements for the president and the revenge definitions of some of the country’s closest traditional allies have created a sense of flogging for both companies and consumers-who say economists will tighten the bill through high prices.

Confidence started Slip at the beginning of the year For both American families and companies due to fears of inflation and definitions. These concerns seem to be exacerbated only, according to an initial survey issued on Friday from the University of Michigan. Consumer morale scale Drink for a third month in a row Because of the most predominant concerns about the future.

“We still consider gold prices patterns as related to tariffs,” analysts at RBC Capital Markets wrote in a research note on Thursday. Some of the inflation recently coolsThe threat of definitions by sending prices up. “Overall certainty and chaos are also very supportive factors for gold.”