From Yahoo Finance: 2025-04-11 18:05:00

An escalating trade war between the US and China, combined with economic uncertainty due to Trump’s policies, is driving investors to gold. The precious metal soared past $3,200/oz after tariffs caused market turmoil, prompting predictions of prices peaking at $3,500/oz. Factors like inflation and economic instability make gold attractive.

Gold is historically viewed as a hedge against inflation and currency fluctuations, as well as a store of value during economic downturns. Diversifying a portfolio with gold, due to its low correlation with stocks and bonds, is seen as useful. Gold has a strong track record of delivering value and diversification during uncertainty.

Costco found success selling gold bars to its members, with CEO Gary Millerchip citing gold as a significant boost to e-commerce sales. A Wells Fargo report estimated Costco sells between $100 million to $200 million in gold per month. Gold’s popularity continues to grow as a safe investment choice.

Fernando Cervantes Jr., a trending news reporter for USA TODAY, covers the surge in gold prices and its impact on the market. With gold hitting historic highs, investors are turning to the precious metal as a stable investment in uncertain economic times. Gold’s role as a safe haven amidst market volatility continues to attract investors.

Read more: Amid a chaotic stock market, the price of gold reaches historic high. What you should know