Gold rallied to all-time highs amid the rush to a safe haven, triggered by President Donald Trump’s tariff threats, which have ignited fears of a trade war. The bullion topped $2,830 per ounce on Monday before paring back some gains.
With the surge in bullion prices, ETFs linked to the spot gold price or futures also touched highs. While there is a long list, we have highlighted the ones that are popular.
As the world braces for a trade war following Trump’s tariffs, the appeal of the yellow metal has increased. Gold is often used to preserve wealth during financial and political uncertainty and usually does well when other asset classes struggle. Additionally, the inflationary pressure caused by new tariffs would benefit the precious metal’s status as a hedge against rising prices.
This post originally appeared at Zacks.