Gold prices soared to $3,000 an ounce for the first time in history on Friday, driven by strong demand for safe-haven assets amid growing investor concerns over President Donald Trump’s tariffs and geopolitical tensions.
The precious metal briefly hit a record high of $3,005 before settling just below $3,000. Jason Hollands, managing director at UK wealth manager Evelyn Partners, called gold “the panic asset of choice,” attributing its surge to uncertainty surrounding the Trump administration’s aggressive tariff policies and global trade disputes.
