Gold Price Surpasses $3,200 Per Ounce for the First Time

The price of gold has exceeded $3,200 per ounce for the first time in history.

The gold market surged after U.S. President Donald Trump announced new import tariffs. A minimum tariff of 10% has been set for imports, with tariffs on certain countries reaching up to 50%.

This has raised concerns that the U.S. actions could lead to a slowdown in the global economy, according to Bloomberg. As a result, investors rushed towards safe assets, including gold, driving up the price of the precious metal.

It is noteworthy that during the trading session on April 2, the price of gold was recorded at $3,166.2, marking a 0.64% increase from the previous day's level.