Story perspectives

Gold Prices Soar Amid Trump Tariff Blockade

5/30/2025

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Summary

Story summary

Gold prices surged past $3,300 an ounce after a US court blocked most of Trump's tariffs.
Spot gold rose 0.6% to $3,307.79, while three-month futures climbed 1.1% to $3,332.80.
Analysts predict increased uncertainty in US assets may drive investors to gold as a safe haven.
Goldman Sachs advises boosting gold allocations due to concerns over potential selloffs in US bonds and equities.
Gold has gained over 25% this year, hitting a record high of $3,500.05 last month.

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Story summary

Gold prices surged past $3,300 an ounce after a US court blocked most of Trump's tariffs.
Spot gold rose 0.6% to $3,307.79, while three-month futures climbed 1.1% to $3,332.80.
Analysts predict increased uncertainty in US assets may drive investors to gold as a safe haven.
Goldman Sachs advises boosting gold allocations due to concerns over potential selloffs in US bonds and equities.
Gold has gained over 25% this year, hitting a record high of $3,500.05 last month.