(Kitco)—Gold futures closed above $3,000 per troy ounce for the first time in history, marking an unprecedented milestone in the precious metals market. This historic breakthrough comes amid escalating global trade tensions and geopolitical uncertainties that have created what analysts describe as a “perfect storm” for gold prices.
The April gold futures contract reached $3,001.10 as of 7:05 PM EST, following a steady climb throughout the week. Gold gained $21.50 on Tuesday to reach $2,920.90, held steady around $2,927 on Wednesday, and surged $44.50 on Thursday to close at $2,991. Today’s trading saw an opening of $3,001.40, with prices ranging between an intraday high of $3,017.10 and a low of $2,988.60, ultimately settling with a $9.80 net gain.
The surge in gold prices has been fueled by increasing safe-haven demand amid President Trump’s aggressive trade policies. Investors are particularly concerned about the recent tariff escalations targeting China, Canada, and Mexico, with the European Union now in the crosshairs as well.
“I’m not going to bend at all,” Trump declared to reporters at the White House when questioned about his tariff stance. When asked specifically about reconsidering the fresh round of tariffs set to take effect on April 2, his response was a definitive “No.”
Market anxiety intensified after Trump announced plans to double proposed tariffs on Canadian metals to 50%, with enforcement beginning Wednesday. He further threatened a 200% tariff on champagne and other alcoholic products from the European Union, signaling an expansion of his protectionist trade agenda.
MT NEWSWIRES noted: “President Trump’s rapid move to announce, if not always to enact, import tariffs has contributed to geopolitical uncertainty and boosted inflation expectations, helping push down front-end real rates and supporting gold in the face of periodic USD strength and initially reduced expectations for Fed rate cuts.”
Ongoing conflicts in the Middle East and the Russia-Ukraine war have added to the geopolitical tensions driving investors toward gold. Market analysts watching the situation unfold commented, “These escalating trade measures have strengthened genuine concerns about a potential U.S. economic contraction.”
Analysts are increasingly bullish on gold’s prospects. Macquarie Group recently raised its forecast, predicting that gold will reach $3,150 by the third quarter—a significant revision from their earlier forecast of $2,650 for last year.
The inflationary pressures resulting from increased tariffs could potentially force the Federal Reserve to reconsider its interest rate policy. Rather than pursuing interest rate normalization as planned, the Fed might need to raise rates to combat inflation, similar to their response during the pandemic.
Based on current market dynamics and the confluence of multiple supportive factors, analysts project gold prices could reach between $3,330 and $3,400 by the end of the fourth quarter.
This convergence of trade tensions, geopolitical conflicts, and shifting monetary policy expectations has created a powerful synergy that continues to drive gold to new heights as investors seek stability in uncertain times.
Gary S. Wagner has been a technical market analyst for 25 years. A frequent contributor to STOCKS & COMMODITIES Magazine, he has also written for Futures Magazine as well as Barrons. He is the executive producer of “The Gold Forecast,” a daily video newsletter.
He has been a speaker for financial seminars including Futures West and the Dow Jones Financial Symposium which travels throughout the world.. Coauthor of “Trading Applications Of Japanese Candlestick Charting” a John Wiley publication.
Why One Survival Food Company Shines Above the Rest
Let’s be real. “Prepper Food” or “Survival Food” is generally awful. The vast majority of companies that push their cans, bags, or buckets desperately hope that their customers never try them and stick them in the closet or pantry instead. Why? Because if the first time they try them is after the crap hits the fan, they’ll be too shaken to call and complain about the quality.
It’s true. Most long-term storage food is made with the cheapest possible ingredients with limited taste and even less nutritional value. This is why they tout calories so much. Sure, they provide calories but does anyone really want to go into the apocalypse with food their family can’t stand?
This is what prompted the Llewellyns to launch Heaven’s Harvest. They bought survival food from multiple companies and determined they couldn’t imagine being stuck in an extended emergency with such low-quality food. They quickly discovered that freeze drying food for long-term storage doesn’t have to mean sacrificing flavor, consistency, or nutrition.
Their ingredients are all-American. In fact, they’re locally sourced and all-natural! This allows their products to be the highest quality on the market, so good that their customers often break open a bag in a pinch to eat because they want to, not just because they have to due to an emergency.
At Heaven’s Harvest, their only focus is amazing food. They don’t sell bugout bags, solar chargers, or multitools. They have one mission – feeding Americans in times of crisis.
What they DO offer is the ability for people to thrive in times of greatest need. On top of long-term storage food, they offer seeds to help Americans for the truly long-term. They want them to grow their own food if possible which is why they offer only Heirloom, Non-GMO, Non-Hybrid, Open-Pollinated seeds so their customers can build permanent food security on their own property.
