Gold is on the rise and has already surpassed $4,650, and honestly, it's no coincidence. With the tariffs that Trump has been announcing for European countries, investors are all rushing into safe assets. This is what xau means — basically, the trading symbol for gold in US dollars, XAU/USD.

I saw that the metal is almost hitting new all-time highs. The reason is simple: when there is geopolitical tension and a looming trade war, gold becomes everyone's safe haven. Central banks are also adding gold to their reserves — in 2022, they bought over 1,100 tons, the largest volume on record.

What’s interesting is that gold rises when the dollar falls and when recession fears increase. Currently, there’s speculation about whether the Fed will keep interest rates high for longer, and that affects everything. Morgan Stanley expects rate cuts in June and September, but in the meantime, gold continues to shine as a refuge.

The EU is considering responding with tariffs worth €93 billion. As long as this continues, gold is likely to stay strong. It always does when there’s uncertainty.