Gold trading at over $3,500 per ounce, an all-time high

The price of gold surpassed $3,500 per ounce for the first time in history, cementing the precious metal as a safe-haven asset for investors at a time of great tension due to the tariff war.

As reported by AFP, after starting Monday's trading day at $3,467.87, price of gold ended at $3,500.10 per ounce.

Since the start of 2025, the price has seen an upward trend, soaring by as much as 30%.

The milestone comes at a time when the dollar is being devalued and as President Donald Trump pushes for Federal Reserve (Fed) Chairman Jerome Powell to cut interest rates as soon as possible.

"'Preemptive Cuts' in Interest Rates are being called for by many. With Energy Costs way down, food prices (including Biden’s egg disaster!) substantially lower, and most other “things” trending down, there is virtually No Inflation. With these costs trending so nicely downward, just what I predicted they would do, there can almost be no inflation, but there can be a SLOWING of the economy unless Mr. Too Late, a major loser, lowers interest rates, NOW," Trump said, referring to Powell.