International Gold Surges Past $3,100 For the First Time in History

Gold prices soared to a new record high of $3,106.50 per ounce on Monday, crossing the $3,100 mark for the first time in documented history as investors rushed to the safe-haven asset amid escalating tariff tensions and geopolitical uncertainty. Bullion has gained over 18 percent this year, reinforcing its status as a hedge against economic instability and inflation. Market analysts attribute the rally to President Donald Trump’s planned tariff hikes against other countries, including a fresh round of taxes set for announcement on April 2. The uncertainty surrounding global trade has fueled concerns that further economic disruptions could push investors toward gold. Major financial institutions have revised their forecasts upward, with Goldman Sachs predicting that gold will reach $3,300 per ounce by the end of the year, while Bank of America expects prices to hit $3,350 per ounce in 2026. According to Reuters, analysts suggest gold will continue to climb until there is clarity on trade policies and geopolitical risks, with some expecting the rally to persist if uncertainty remains unresolved.