Gold hits $3,300, safe haven amid tariff war?

Gold has just shattered records – crossing the $3,300 per ounce mark for the first time ever!

This historic high comes amid growing fears over global economic growth, and a fresh wave of trade tensions triggered by former U.S. President Donald Trump’s decision to probe new tariffs on critical mineral imports.

The move has sparked a massive shift of investor money out of volatile stocks and straight into safe-haven assets like gold.

“Trump’s trade war shows no signs of easing,” says Ole Hansen of Saxo Bank. “Investors are fleeing to safety.”

And the numbers speak volumes. Gold prices have jumped nearly 26% this year alone, boosted by:

Persistent tariff disputes

Anticipation of interest rate cuts

Rising inflows into bullion-backed ETFs

This surge isn’t slowing down anytime soon. ANZ Bank has revised its year-end gold forecast to a stunning $3,600 per ounce, with a six-month projection at $3,500.

The reason? In uncertain times, gold remains the ultimate hedge. With central banks pumping liquidity into economies and geopolitical risks climbing, gold is thriving in a low-interest-rate world.

This isn’t just about economic fear—it’s also strategic positioning. Investors and governments alike are betting big on gold as a reliable store of value.

Multiple record highs in just one year show how gold is reclaiming its throne as the king of crisis investing.

So, what does this mean for your investments? Should you join the gold rush—or has the ship already sailed?