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Tariff-induced trade tensions and central bank manoeuvres have pushed gold prices past a historical high of $3,341 per ounce. The SPDR Gold Trust gained +6.46% in the last week as investors poured into safe haven assets amid growing concerns over inflation and trade. Source: Google Finance, as of 17 April 2025
What does this mean for you?
With President Trump hinting at new tariffs on imported chips and semiconductors, tech and related sectors remain in flux, along with the broader manufacturing landscape. As ongoing trade tensions raise the possibility of more market unrest, gold becomes an enticing alternative. With the US dollar weakening to a three-year low, analysts predict that gold could hit the $3,500 per ounce mark soon. For international investors whose confidence in the dollar is flagging, gold could offer some shelter amid the turmoil.
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