Investors turned to gold, driving up prices as stocks and Treasurys were sold off on Sept. 2, 2025. Gold miners like Newmont and Barrick Mining saw their shares rise as gold futures hit an all-time high due to uncertainty over Trump’s tariffs and expectations of a Fed rate cut.

The court ruling against Trump’s tariffs without Congressional approval caused investors to seek the safe haven of gold, leading to a surge in demand. The possibility of a 25-basis-point interest rate cut by the Fed in two weeks further fueled the rise in gold prices, which have increased by a third this year.

Read more at Yahoo Finance: Gold Mining Stocks Gain as the Precious Metal Trades at All-Time High