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Analysis: Gold hits record high amid trade and geopolitical turmoil
2025-03-31 08:02

Odaily News Gold prices hit a record high on Monday. Concerns about an escalation in the global trade war and an uncertain geopolitical outlook have boosted gold's appeal as a safe haven and inflation hedge. Gold prices have risen more than 19% so far this year, and the rally is expected to continue. "Strong investment inflows, strong physical demand and increased central bank purchases will keep gold on a strong footing," said ANZ Research analysts. Traders are waiting to see the scope of U.S. President Trump's reciprocal tariffs, which could add to inflationary pressures and potentially slow global economic growth. (Jinshi)