Gold rises to new heights as anxiety grips markets. Here’s what you need to know

New York (AP) – Amidst the large -scale economic turmoil, the price of gold has risen to unprecedented levels.

Golden futures exceeded $ 3,000 per ounce for the first time this week. The price of buying gold in the instant market in New York is closely following.

Interest in buying gold can rise sharply at times of uncertainty, as anxious investors seek safe havens for their money. Gold prices are now rising as US President Donald Trump’s policies began an international trade war that caused financial markets and threatened to renew inflation for families and companies alike.

If trends persist, analysts say the Gold price may continue to climb in the coming months. But precious metals are also volatile origins – so the future is never no longer.

Here is what to know.

What is the price of gold today?

Going for New York Spot Gold closed on Thursday at $ 2,988 per TRIY OUCE – the standard for measuring precious metals, equivalent to 31 grams – according to what he mentioned. This is more than $ 825 of the price of the golden category one year ago.

Golden futures exceeded a sign of $ 3,000 on Thursday. But from mid -Friday, it decreased to a little more than $ 2,990.

The instant gold price has increased by almost 14 % since the beginning of 2025, on the basis of facts. In contrast, the stock market declined. The S& P 500 normative index has decreased more than 5 % this year with the fading of the blue slide. Apple, for example, was the worst week in five years.

Why the price of gold rises?

Many of it is lying in uncertainty. Usually, the interest in buying gold is nails when investors are concerned – and there have been a lot of economic turmoil in recent months.

Today, the heaviest uncertainty lies with Trump’s escalating trade war. The new president’s advertisements for the president and the revenge definitions of some of the country’s closest traditional allies have created a sense of flogging for both companies and consumers-who say economists will tighten the bill through high prices.

Confidence began to slip at the beginning of the year for both American families and companies due to fears of inflation and definitions. These concerns seem to be exacerbated only, according to an initial survey issued on Friday from the University of Michigan. Consumer morale scale drowned for a third month in a row due to concerns about the future.

Joe Kavattouni, the chief market strategy of the World Gold Council, said on Friday that and others expect the latest gold teacher for months – pointing to an email message that “global challenges and risks that come with money management today” caused an increase in anxiety and caused more and more assets to assets as a “safe haven”.