The gold shot a new historical maximum this morning, exceeding the previous record reached just yesterday, after the US president, Donald Trump, announced ‘permanent’ ‘permanent’ tariffs of 25% on car imports, intensifying commercial tensions, the experts in raw materials of ING, Ewa Manthey and Warren Patterson.
Trump’s unpredictable commercial policy is the main gold engine
“Trump’s unpredictable commercial policy has been the main motor of gold until now in 2025, with prices that have increased more than 16% so far this year, extending its impulse since 2024. We see that uncertainty about trade and tariffs, along with the purchase by central banks and tickets in ETF holdings, continue to support gold prices.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
