Gold reached a record high Wednesday, continuing a multi-month rally that has seen the commodity rise roughly 20% in the first quarter, according to Investopedia. The surge comes as investors seek safe-haven assets amid uncertainty around Trump’s shifting tariff policies, which analysts say could stoke inflation and dampen economic growth. Bank of America noted strong demand for gold due to central bank purchases, steady retail interest, and new regulations permitting China's insurance firms to invest in the metal. Strategists anticipate temporary pullbacks before gold potentially resumes its uptrend.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Gold reached record high Wednesday, continuing a multi-month rally that has seen the commodity
00:05rise roughly 20 percent in the first quarter, according to Investopedia.
00:09The surge comes as investors seek safe haven assets amid uncertainty around Trump's shifting
00:14tariff policies, which analysts say could stoke inflation and dampen economic growth.
00:20Bank of America noted strong demand for gold due to central bank purchases,
00:24steady retail interest and new regulations permitting China's insurance firms to invest
00:29in the metal. Strategists anticipate temporary pullbacks before gold potentially resumes its
00:34uptrend. For all things money, visit Benzinga.com slash GSTV.