Trump tariffs propel safe-haven gold to record highs
- Posted on February 11, 2025
- By Business News Today
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Trump tariffs propel safe-haven gold to record highs
![](https://img.etimg.com/thumb/msid-118131157,width-1200,height-630,imgsize-58862,overlay-etmarkets/articleshow.jpg)
Gold prices reached an all-time high due to increased tariffs imposed by President Trump on steel and aluminum imports, stoking fears of a trade war and potential inflation. The safe-haven appeal of gold has been further fueled by global growth uncertainties and geopolitical tensions involving Israel and Hamas.