From Yahoo Finance: 2025-04-11 16:15:00

Gold surged to a new record high of over $3,200 per ounce, winning the top safe-haven spot on Friday. China retaliated against US tariffs, raising duties on imports to 125%. The Dollar Index broke below 100, while gold futures are up 24% year to date amid tariff uncertainty and stagflation fears.

Gold futures hit an all-time high of $2,263, posting the best five-day performance since 2020. The long-dated bond market spooked investors as Treasurys sold off, with the 10-year yield surging to its highest level since February. Gold’s rally signals a shift in appetite for US assets amidst market carnage.

Investors are flocking to gold as a safe haven amid market chaos, with gold futures up roughly 24% year to date. Policy incoherence and increased central bank demand for gold are driving the rally, as expectations grow for rate cuts by the Federal Reserve. Gold’s solid bull case remains intact.

Gold’s rally coincides with a surge in central banks’ demand for gold and increased inflows into physical gold-backed ETFs. The chaotic policy environment and escalating trade war between China and the US are bolstering gold’s appeal as a safe haven asset. Gold continues to make all-time highs amidst market uncertainty.

Read more: Gold notches best week since 2020 amid ‘shaken’ investor confidence in US