Spot gold climbed to historic highs on Tuesday – a record $3,500 per ounce, while U.S. futures gained 1.7% amid mounting investor anxiety following U.S. President Donald Trump’s renewed criticism of Federal Reserve Chairman Jerome Powell.
Trump’s calls for immediate interest rate cuts and tensions over tariffs shook market confidence, weakening the dollar and prompting a shift to gold as a safe-haven asset.
Asian markets also felt pressure amid broader concerns over U.S. economic policy.
