The price of gold has reached a historic high, surpassing $124,000 per kilogram for the first time.
- The surge comes amid economic uncertainty, as many investors are seeking a “safe haven” due to the U.S. government shutdown and trade tensions under President Donald Trump, according to AP.
- On Tuesday morning, gold futures on the New York Exchange rose sharply, marking the highest price ever recorded. The market closed at around $127,000 per kilogram.
- Since the beginning of 2025, gold prices have increased by approximately 50%, up from around $85,800 per kilogram.
Other precious metals have followed a similar trend:
- Silver has risen by about 60%, trading near $1,545 per kilogram.
Reasons for the Surge
- Experts attribute the increase primarily to economic uncertainty.
- New tariffs imposed by Trump have raised commodity prices, weakened the labor market, and heightened inflation fears.
- The U.S. government shutdown further exacerbated the situation, leaving thousands of federal workers unpaid and delaying the release of economic data.
Analysts note that as long as political and economic uncertainty continues, gold is expected to remain one of the most sought-after investments globally.
