Gold prices have hit historical highs, exceeding $3,000 per ounce, largely due to uncertainties linked to Trump’s presidency. His economic policies and geopolitical tensions have triggered investor shifts towards gold as a safe haven, amidst fears of stagflation and market downturns.
Gold prices have reached historic levels, crossing the $3000 per ounce threshold. Engineer Mohannad Abbas Haddadin, General Manager of Jobkins Center for Strategic Studies and a strategic economic analyst, credit this surge to the uncertainties arising from Donald Trump’s presidency. Trump has disrupted longstanding U.S. economic and military commitments, particularly through the imposition of unprecedented tariffs, leading to concerns about stagflation and economic contractions globally.
This turbulent climate has negatively impacted financial markets, stock exchanges, and digital currencies, prompting investors to seek gold as a safer investment option. The swift decline of hundreds of billions in value across these markets has driven individuals to hedge against potential dollar collapse by turning to gold.
Additional complications arise from ongoing geopolitical tensions in the Middle East and the unresolved conflict between Ukraine and Russia. The lack of clarity in these regions is exacerbating the already fragile situation. The combination of political instability and economic uncertainties may lead to further increases in gold prices in the near future.
The historic spike in gold prices reflects the impact of geopolitical tensions and economic disruptions stemming from U.S. policies under Trump. As investors seek stability, gold emerges as a preferred safe-haven asset amid market instability and uncertain political climates. Continued geopolitical conflicts and economic instability are likely to drive gold prices even higher.
Original Source: www.jordannews.jo
