Gold prices have reached a new record high, supported by expectations of interest rate cuts from the Federal Reserve. How much higher can prices go in the future?

Source: Jin Ten Data reported on Tuesday that spot Gold prices reached a record high of $3,134 per ounce, increasing by approximately 0.24% during the day. This is due to investors' concerns that USA President Donald Trump's plans to impose retaliatory tariffs on all countries could intensify inflationary pressures and hinder economic growth. In the previous trading day, Gold recorded its strongest quarter since 1986 and soared to a historic high of over $3,100 per ounce, marking one of the most significant increases for this Precious Metal in history. Trump views tariffs as a way to protect the domestic economy from unfair Global competition, and he promised to announce details on Wednesday.

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