Gold reached a new all-time high as markets weighed the possible effects of tariffs and investors sought safer alternatives. The precious metal passed the $2,800 per troy ounce mark on Friday, reaching a record level of $2,850.9 on New York’s COMEX, inching it closer to the key $3,000 threshold. Nonetheless, prices subsided on Monday as the dollar strengthened in response to the tariff policies. Trump recently suspended the application of 25% tariffs on Canadian and Mexican goods, securing the collaboration of these governments to stop the flow of migrants and fentanyl through their shared borders. Experts believe that this could lead to a pullback, indicating that gold remains a haven amid geopolitical and economic turmoil.

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