Analysis: Gold hits record high amid trade and geopolitical turmoil

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ODAILY
03-31
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Planet Daily News: Gold prices reached a historic high on Monday. Concerns about the escalation of global trade wars and uncertain geopolitical prospects have enhanced gold's attractiveness as a safe-haven asset and inflation hedge. Year-to-date, gold prices have risen by over 19%, with expectations of continued growth. ANZ research analysts stated: "Strong investment inflows, robust physical demand, and increased central bank purchases will provide a solid foundation for gold." Traders are waiting to see the scope of reciprocal tariffs by U.S. President Trump, which could potentially increase inflationary pressures and potentially slow global economic growth. (Jinshi)

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