Gold prices near record highs due to geopolitical tensions and tariff concerns, driven by safe-haven demand

From Investing.com: 2025-02-24 02:37:00

Gold prices remained steady near all-time highs due to strong safe-haven demand, with XAU/USD rising over 11% in 2025 to above $2,950. Concerns over Trump’s tariff plans and geopolitical tensions have fueled investor appetite for gold. Western investors and central banks are driving gold demand, with ETF investors also joining in. The euro has started to recover after a long downtrend, with EUR/USD showing signs of improvement. The Canadian dollar weakened against the USD due to a technical rebound in the DXY and the Bank of Canada’s stance on potential interest rate cuts in response to a trade war with the U.S.



Read more at Investing.com: Gold Prices Hover Near Record Highs Amid Geopolitical Tensions, Tariff Concerns