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Gold Hits New Record Highs as Trump’s Tariffs Bash Stocks

By: Investor Brand Network
February 06, 2025 at 10:05 AM EST
ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

Gold prices soared to unprecedented levels on Monday as financial markets reeled from U.S. President Donald Trump’s announcement of new trade tariffs. Investors, fearing economic instability, turned to gold as a safe-haven asset, driving its price above $2,828 per ounce. The rally was not limited to the U.S.—gold also hit all-time highs in euros, Japanese yen, British pounds, and Indian rupees, underscoring the widespread investor flight to safety.

The surge in gold prices was triggered by Trump’s confirmation that…

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NOTE TO INVESTORS: The latest news and updates relating to Eloro Resources Ltd. (TSX: ELO) (OTCQX: ELRRF) are available in the company’s newsroom at http://ibn.fm/ELRRF

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MiningNewsWire (“MNW”) is a specialized communications platform with a focus on developments and opportunities in the Global Mining and Resources sectors. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled recognition and brand awareness.

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