Is gold a good investment right now? Gold price hits record high as investors seek safe haven. Bullion has nearly doubled in value since 2023 amid global uncertainty and alarm over Donald Trump’s policies. The price of gold has hit a fresh record high, as investors seek out safe-haven assets to protect against inflationary and geopolitical risks.
Gold rose above $3,500 an ounce, surpassing its April peak. It has nearly doubled in value since early 2023. The rally comes as the US dollar has weakened and some central banks add to their gold holdings, ditching US government bonds, known as US treasuries.
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The moves come after a federal appeals court on Friday ruled that most of Trump’s global tariffs are illegal. The U.S. Court of Appeals for the Federal Circuit determined in a 7-4 ruling that only Congress has the authority to apply sweeping levies. Trump called the decision “Highly Partisan” and has said that he will appeal the ruling to the U.S. Supreme Court.
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