Gold hits record high of $3,200 amid U.S.-China trade war 

Gold has reached a historic milestone, soaring to a record high of $3,200 per ounce, delivering exceptional returns to investors amid the global trade war between the U.S and China.

This remarkable surge reflects the increasing appetite for safe-haven assets in times of economic uncertainty, reinforcing gold’s status as a reliable hedge against inflation.

Since the beginning of the year, gold prices have risen over 20%, fueled by robust buying from foreign central banks.

The combination of a weakening dollar and escalating fears surrounding the trade war has further amplified demand for this precious metal.

Financial analyst Axel Adler Jr. predicts that gold prices could climb even higher if trade tensions continue to escalate.

Bitcoin price also increasing While gold dominates headlines, Bitcoin—dubbed “digital gold“—has also shown remarkable growth.

Over the past year, Bitcoin has surged by 16%, maintaining its reputation as an alternative asset for hedging against economic instability.Currently trading at around $81,910, Bitcoin has rebounded by 10% since April 9, following U.S. President Donald Trump’s announcement of a 90-day tariff pause, which excluded tariffs on China.Despite this recovery, Bitcoin remains below its all-time high of $109,000.

U.S.-China trade war China, a major player in the ongoing trade war, has raised tariffs on U.S. goods to a record 125%, a move that indicates the seriousness of the economic standoff.

According to the Chinese government, the tariff hike adheres to its Customs Law, Tariff Law, and Foreign Trade Law, while accusing the U.S. of engaging in “unilateral bullying” and violating global trade norms.China has indicated that it will not respond to further tariff increases from the U.S., arguing that American goods are already uncompetitive in the Chinese market.This prolonged dispute between the U.S. and China has heavily impacted key sectors such as agriculture, technology, and energy.

What you should know Economists caution that the latest tariff hike could disrupt global supply chains, elevate prices, and exacerbate inflationary pressures in both nations.

The trade war has also had indirect effects on the cryptocurrency market, as Bitcoin miners face rising costs for mining equipment due to the tensions.Analysts warn investors to closely monitor developments in this economic standoff, as a lack of resolution could lead to broader repercussions on the global economy.With gold at record highs and Bitcoin gaining traction, the world watches closely to see how this trade war will unfold—whether it leads to de-escalation or further deepens the divide between two of the world’s largest economic powerhouses.

Israel Ojoko Israel Ojoko is a dynamic journalist renowned for his in-depth coverage and insightful analysis on a diverse range of topics. With a keen eye for detail and a passion for storytelling, Israel has penned impactful articles on the economy, political developments, fintech, and cybersecurity, among many others. His dedication to uncovering the multifaceted narratives has established him as a trusted voice and influential figure in contemporary journalism.