On Wednesday, gold prices surged to an all-time high, reaching $3,300 per ounce. This significant increase is driven by investors seeking safe-haven assets amid concerns over a potential tariff war and economic instability. The rise in gold prices reflects growing uncertainty in global markets, with many analysts suggesting that precious metals like gold and silver could be signaling a possible U.S. recession. This move has also made gold the most crowded trade on Wall Street, surpassing other popular trades. — new from Investopedia
