Gold prices have been hitting record highs recently, as investors seek safe havens during times of market uncertainty.
Generally considered a safe and sound asset, gold tends to attract increased attention during financial crises.
Last week, gold prices reached a record high of over $3,167 following U.S. President Donald Trump’s announcement of new tariff plans—marking one of the most significant shifts in global trade policy in a century.
These records have been repeatedly broken this year due to growing concerns over tariffs and potential trade wars.
It’s also revealed that gold prices can often become more volatile in such times. In most market crashes, a surge in demand for gold is commonly observed as people seek stability.
According to Dr. Philip Flyers, an economic historian at the University of Belfast, both governments and individual investors are abandoning the stock market in large numbers and increasingly turning to gold investments.
