By Swann Collins, investor, writer and consultant in international affairs – Eurasia Business News. August 8, 2025. Article no 1691.

Gold price has crossed $3,450 per Troy ounce, a new record.

According to market data, gold price future is trading near $3,445 to $3,453 per ounce, with prices reaching intraday highs above the $3,450 mark.

Gold prices have risen for five of the past six days, boosted in part by hopes the Federal Reserve will soon cut interest rates in response to weakening economic data.

This is part of a bullish trend with gold prices having surged significantly compared to previous months, supported by strong buyer interest and market factors such as tariffs and inflation concerns.

Gold futures prices rose about 3.8% in the month leading up to early August 2025, with a year-over-year increase of approximately 43%. The market reaction to the tariffs and trade tensions has been one of increased risk aversion, supporting gold prices.

Gold is a long-term store of value and this storage capacity is standardized internationally. Each troy ounce of gold has the same value. The yellow metal is an asset with intrinsic value in itself, capable of maintaining its purchasing power throughout the centuries and around the world.

Read also : Five Good Reasons to Own Gold Now

Investors’ trust in gold as a safe haven is partly self-reinforcing. Because gold has historically been a refuge during past crises (e.g., the 2008 financial crisis), many investors flock to it instinctively when armed conflicts arise, including wars in the Middle East or in Ukraine.

Read also : Gold : Build Your Wealth and Freedom

The gold price increase in July and early August is driven largely by escalating trade tensions and tariffs imposed by President Trump. For example, Trump announced tariffs as high as nearly 100% on imported semiconductors (with exemptions for companies manufacturing in the U.S.) and doubled tariffs on India to 50%, affecting U.S.-India trade valued at $87.3 billion in 2024. These tariff escalations have created uncertainty in the market, boosting gold’s appeal as a safe-haven asset amid heightened volatility and inflation concerns.

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© Copyright 2025 – Eurasia Business News. Article no. 1691