Gold hits its highest levels... and concerns about Trump's tariffs.

Gold prices rose today to record their all-time highs, supported by an increase in demand for safe havens amid fears of U.S. President Donald Trump's plans to impose new tariffs.

During spot trading, gold rose by 0.2% to reach $2941 per ounce by 14:33 GMT, hitting an all-time high of $2956 earlier in the session, marking the eleventh such sharp increase during the current year.

American gold futures also rose by 0.2% to reach $2957.

 On the same side, the dollar index fell to its lowest levels since last December, making gold more attractive to holders of other currencies.

Jim Wyckoff, senior market analyst at Kitco Metals, attributes this rise to investors' expectations of gold prices continuing to rise in the coming weeks and months.

It is worth mentioning President Donald Trump's statements about his intention to announce new tariffs soon, with these plans being a potential factor in increasing inflation and triggering trade wars, thus boosting demand for safe assets like gold.

These developments come at a time of global economic turmoil, directing investors towards gold as an option to protect the value of their assets.