Gold prices soared to $3,000 per ounce due to economic instability linked to President Trump’s policies. Investors are shifting towards gold as a safe haven amidst declining stock markets and geopolitical tensions, indicating potential further price increases.
On Friday, gold prices reached an unprecedented peak of $3,000 per ounce, driven largely by the economic instability stemming from President Trump’s policies. Engineer Mohannad Abbas Haddadin, General Manager of Jobkins Center for Strategic Studies, noted that Trump’s governance has altered traditional alliances and imposed severe tariffs, leading to a climate of uncertainty. This scenario has heightened fears of stagflation, destabilizing numerous economies worldwide.
The effects have rippled across financial markets, with losses accruing in stock markets and cryptocurrencies. As investors seek a refuge from economic volatility, there has been a marked shift towards gold as a reliable investment. The considerable decline in value across various asset classes has prompted individuals and investors alike to regard gold as a safe haven to safeguard their wealth.
Additionally, the geopolitical landscape remains fraught with tension, particularly in the Middle East and the ongoing conflict between Ukraine and Russia. The lack of clear resolutions to these crises contributes to a pervasive sense of instability, further exacerbating market fears. This complex interplay of economic and political challenges is forecast to continue driving gold prices upward, with expectations of further increases in the near future.
In summary, gold has reached a historic high of $3,000 per ounce, largely due to the economic uncertainty created by President Trump’s policies and ongoing geopolitical tensions. As investors flock to gold for safety amidst declining stock markets and potential stagflation, the combination of these factors suggests that gold prices will likely continue to rise in the future.
Original Source: www.jordannews.jo
