Gold Reach Historic Milestone Of $3,200 Amid Global U.S.-China Trade War

Gold has reached a historic milestone, soaring to a record high of $3,200 per ounce, delivering exceptional returns to investors amid the global trade war between the U.S and China.

This remarkable historic milestone surge reflects the increasing appetite for safe-haven assets in times of economic uncertainty, reinforcing gold’s status as a reliable hedge against inflation.

Since the beginning of the year, gold prices have risen over 20%, fueled by robust buying from foreign central banks.

The combination of a weakening dollar and escalating fears surrounding the trade war has further amplified demand for this precious metal.

Financial analyst Axel Adler Jr. predicts that gold prices could climb even higher if trade tensions continue to escalate.

According to Nairametrics, China, a major player in the ongoing trade war, has raised tariffs on U.S. goods to a record 125%, a move that indicates the seriousness of the economic standoff.

According to the Chinese government, the tariff hike adheres to its Customs Law, Tariff Law, and Foreign Trade Law, while accusing the U.S. of engaging in “unilateral bullying” and violating global trade norms.

China has indicated that it will not respond to further tariff increases from the U.S., arguing that American goods are already uncompetitive in the Chinese market.

This prolonged dispute between the U.S. and China has heavily impacted key sectors such as agriculture, technology, and energy.

Economists caution that the latest tariff hike could disrupt global supply chains, elevate prices, and exacerbate inflationary pressures in both nations.