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US tariffs fuel value of gold

Daily Record

October 09, 2025

INVESTORS FLOCK TO BUY ‘SAFE’ ASSET

A GOLD rush hit a new all-time high yesterday amid global economic and political jitters.

The precious metal raced above $4000 (£2982) an ounce for the first time, and shows no sign of slowing.

Investors have flocked to buy gold as it is seen as a safe-haven asset in troubled times.

Prices have been sent soaring in recent months, fuelled by US President Donald Trump’ trade tariff war which kicked off in April.

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