Gold prices are nearing historical highs as geopolitical conflicts and Trump's tariff agenda drive up safe-haven sentiment.

[Chain News] PANews, June 16 - Gold prices moved towards record highs on Monday as escalating conflicts between Israel and Iran prompted investors to turn to safe-haven assets. During the early Asian trading session on Monday, gold prices briefly rose by 0.6% to above $3450 per ounce, about $50 short of the historical high set in April. The sudden rise in geopolitical risks added more momentum to the rise in gold prices, which has been primarily driven by Trump’s aggressive tariff agenda threatening global economic growth. Gold has risen by over 30% in 2025, and the shift of various Central Banks seeking diversification away from the dollar is another important driving force.

TRUMP-3,37%
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