(AURN News) — Gold prices hit a record $4,005.60 an ounce Tuesday morning — nearly double the $2,036.10 it traded for on Jan. 26, just days after President Donald Trump began his second term.
The surge comes as inflation remains high, trade wars drag on, and layoffs continue to mount. For investors nervous about what lies ahead, gold has become a safe place to park their money. When confidence in the economy falters, demand for gold tends to rise.
In August, Trump posted on his Truth Social account, “Gold will not be Tariffed!”
Behind the gold rush is a mix of familiar pressures: high prices, trade disputes, and growing concern about where the economy is headed. Whether gold continues to rise may depend on what happens next with jobs, interest rates, and global supply chains.
Click play to listen to the AURN News report from Jamie Jackson:
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