The spot price of gold has reached a new all-time high due to concerns over impending import tariffs in the United States.
During trading, spot gold prices surged to $2800,43 per ounce.
Meanwhile, February gold futures on the Comex exchange rose 0.1% on Friday, reaching $2,824.90 per ounce. Over the past month, the precious metal has gained 6.5% in value.
US President Donald Trump confirmed the enaction of the previously announced 25% tariff on Canadian and Mexican imports. The demand for safe-haven assets, which include gold, has thus grown.
Additionally, investors are awaiting the release of US Personal Consumption Expenditures (PCE) index data on Friday, which is a key inflation indicator for the Federal Reserve. Analysts predict that in December, the index rose to 2.6% from 2.4% in November, while the core PCE index (excluding food and energy prices) remained steady at 2.8%.