FX Empire: How High Will Gold Prices Go During President Trump's Second Term?
Article by Phil Carr in FX Empire
Trump, the self-proclaimed “Tariff Man” announced plans to impose 25% tariffs on Mexico and Canada by February 1. He also threatened to launch an economic war on the rest of the world with sweeping and across-the-board tariffs on all imports coming into the U.S.
The possibility of Gold and Silver being caught up in Trump’s tariffs has sent both precious metals on red-hot run – with Gold prices closing in on their all-time record high of $2,790 an ounce and Silver prices revisiting $31 an ounce.
Gold prices scored consecutive back-to-back all-time record highs in 2024 – not once, not twice, but on 39 separate occasions.
The big question now is:
Will Trump’s Tariffs Push Gold Prices to New Record Highs in 2025?
Only time will tell, however one thing we do know for certain is that during Trump’s previous presidency gold prices experienced exponential growth. When Trump took office in January 2017, Gold was trading near the $1,200 an ounce mark. By the end of his term in January 2021, Gold registered a high of $1,957 an ounce.
Whichever way you look at it, one thing is clear. In this new .....