Gold prices surge to record high, yen strengthens on geopolitical worries and tariff threats
The gold price has reached a new all-time high for the ninth time this year, driven by sustained demand from central banks and safe-haven flows. This uptrend is further fueled by ongoing tensions between the US and its allies, which have exacerbated concerns about global stability. Meanwhile, the yen has strengthened to its highest level in over two months due to a combination of rising interest rates and risk-off sentiment.
- The surge in gold prices underscores the enduring appeal of safe-haven assets during times of geopolitical uncertainty and economic volatility.
- How will the ongoing tensions between major world powers impact global trade flows and commodity markets, potentially leading to further price increases or shifts in investor sentiment?