Gold prices soared to an all-time high on Monday, reaching $3,127.88 per ounce as investors sought refuge from mounting economic uncertainties linked to U.S. trade policies.
Since Donald Trump took office on January 20, 2025, gold prices have risen by approximately 15%.
Since the beginning of 2025, gold has gained approximately $506 per ounce, having started the year at $2,620. This follows a sharp 27% increase in 2024, with prices surging nearly 19% in the first few months of 2025 alone.
In Pakistan, the price of gold has also seen a significant rise, with one tola now trading at Rs. 325,700, while the cost of 10 grams has climbed to Rs. 279,240.
The latest spike comes in response to former U.S. President Donald Trump’s announcement of sweeping trade tariffs. Speaking aboard Air Force One late Sunday, Trump confirmed that his new reciprocal tariffs would apply broadly, countering earlier speculation that they would target only specific nations.
“You would start with all countries,” Trump told reporters. “Essentially, all of the countries that we’re talking about.”
Last week, the Trump administration imposed a 25% tariff on auto imports, reinforcing the former president’s protectionist stance on international trade. Analysts attribute the surge in gold prices to growing market uncertainty, with investors increasingly turning to the precious metal as a safe-haven asset amid concerns over economic instability.
