The ounce of gold already exceeds US $ 3,400 for uncertainty of commercial warfare

The price of gold over Monday over US $ 3,400 per ounce, marking a new historical maximum driven by the growing global uncertainty, particularly for TCommercial Ensions between USA and China, as well as for the weakness of the dollar.

There is innumerable evidence that shows the damages of protectionism about the global economy, explained the economist.

In the spot market, the precious metal rose 2.6% and reached US $ 3,414.91 the ounce towards 09:26 am, after having previously touched an intradic record of US $ 3,424.25. In parallel, gold futures in the United States also advanced 2.9% to US $ 3,424.50, according to the Reuters agency.

The advance of gold has been closely linked to the depreciation of the US dollar, affected by the recent questions of President Donald Trump towards Jerome Powell, president of the Federal Reserve. A weaker green ticket tends to make assets called in this currency, such as gold, are more attractive to international investors.

On the geopolitical plane, commercial tensions climbed after China accused Washington of abusing tariffs and warned other countries about the risks of signing economic agreements that harm their interests. The growing friction between the two powers has strengthened the appetite of investors for refuge assets, such as gold.

“As tariff tensions continue to increase, we continue to see that gold prices rise in response to the search for refuge,” said David Meger, metal negotiation director at High Ridge Futures, to Reuters. Although corrections or profits in the short term are not ruled out, the trend remains lateral-alcist, according to the specialist.

Since 2025, Gold has won more than US $ 700 per ounce, marking a consecutive record streak. Only last week exceeded US $ 3,300 and, in a matter of days, added other US $ 100 amid a context of financial volatility and less confidence in the US economy.

However, some analysts warn that the market could be approaching a turning point. “These much larger daily movements in the price of gold are an early sign that this mature upward market is close to completing, and that we could be close to a roof in the short term, more for a time than for price,” said Jim Wyckoff, senior kitco metal analyst.

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