Gold prices surged to a historic peak above $2,800 per ounce, driven by a perfect storm of market uncertainties. President Trump’s announcement of impending 25% tariffs on Mexican and Canadian imports, coupled with additional threats toward China, has intensified fears of a broader trade conflict. This market anxiety, combined with concerns about US fiscal policy and potential inflationary pressures from tax cuts and immigration reform, has propelled investors toward safe-haven assets. The Federal Reserve’s decision to hold interest rates steady and adopt a wait-and-see approach, along with anticipated inflation data, has further supported gold’s appeal. The precious metal’s fifth straight weekly gain underscores persistent market unease about global economic stability and trade relations.