Gold Breaks Through $3,000 as Trump Turbocharges Record Rally
Jumps in the gold price typically track broader economic and political stress.
Photographer: Akos Stiller/BloombergThis article is for subscribers only.
Gold prices passed $3,000 an ounce for the first time ever, driven higher by a central bank buying spree, economic fragility worldwide, and President Donald Trump’s attempts to rewrite the rules of global trade by imposing tariffs on allies and strategic rivals.
Bullion climbed as much as 0.5% to $3,004.94 an ounce on Friday before erasing gains.