Gold ETFs Soar to New Highs on Tariff Turmoil: What's Ahead?
Portfolio Pulse from
Gold ETFs have reached new highs due to increased demand for safe-haven assets amid fears of a trade war sparked by President Trump's tariff threats. Gold prices hit a record $2,830 per ounce before slightly retreating.
February 04, 2025 | 4:15 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
The SPDR Gold Trust (GLD) has surged to new highs as investors flock to gold as a safe haven due to trade war fears. Gold prices reached a record high of $2,830 per ounce.
The news highlights a significant increase in gold prices due to geopolitical tensions, which directly impacts GLD as it tracks the price of gold. The demand for safe-haven assets like gold is likely to continue in the short term, positively affecting GLD's price.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90