Gold has reached historic highs of $3,000 per ounce due to uncertainties following former President Trump’s policies, which have destabilized economic conditions and heightened geopolitical tensions. This situation has led investors to seek gold as a safe haven amidst market fluctuations.
Gold has recently achieved historic milestones, climbing to $3,000 per ounce. According to Engineer Mohannad Abbas Haddadin, General Manager of Jobkins Center for Strategic Studies and a strategic and economic analyst, this spike is largely due to the uncertainties introduced by former President Trump during his administration. His approach has significantly altered the traditional balance of economic and military commitments established post-World War II, leading to a fierce economic confrontation with allies through unprecedented tariff impositions.
This shifting landscape has resulted in doubts regarding economic stability, causing downturns across various economies and instigating fears of stagflation. Consequently, global financial markets—including stock indices and digital currencies—have suffered substantial losses, collectively amounting to hundreds of billions of dollars in a matter of weeks. Investors and individuals alike have turned to gold as a means of preserving value amidst this economic turmoil.
Moreover, the situation has been exacerbated by persistent geopolitical tensions in the Middle East, where conflicts remain unresolved, creating an atmosphere of uncertainty. Additionally, the ongoing instability relating to the Ukraine-Russia conflict lacks a decisive resolution. The intertwined nature of political and economic tensions suggests that further increases in gold prices are likely as the situation evolves, with the potential for additional escalation in conflicts if solutions are not reached promptly.
In summary, the recent surge in gold prices can be attributed to significant geopolitical and economic instabilities, particularly those stemming from the former U.S. administration’s policies. As global economies grapple with uncertainties and conflicts persist, gold has emerged as a reliable haven for investors. This trend is expected to continue if political tensions remain unresolved.
Original Source: www.jordannews.jo
