The world market price of gold climbed to new record levels after the US President Donald Trump announced sweeping import tariffs against many countries.
The gold price, which took off already before Trump's announced message, reached 3,167 dollars per ounce during the night, which can be compared to 2,658 dollars per ounce just three months ago.
The gold price is historically a safe haven for investors in times of unrest, when one fears turbulence on other markets. It is currently also affected by several major central banks buying large quantities to replenish their gold reserves.
