Gold prices passed $3,000 an ounce for the first time ever, driven higher by a central bank buying spree, economic fragility worldwide, and President Donald Trump’s attempts to rewrite the rules of global trade by imposing tariffs on allies and strategic rivals.

Gold is considered a safe investment because its value is not threatened by inflation. In recent weeks, its price has risen sharply. What is making investors so anxious that they are turning to gold?

Investors have been rushing to gold — a safe-haven asset — this year to hedge against risk from US President Donald Trump's trade war.

Gold surpassed $3,000 for the first time Friday as US President Donald Trump's trade wars boosted demand for the safe-haven asset, while stock markets bounced on signs US lawmakers would

The gold price has topped $3,000 for the first time as US president Donald Trump's tariff threats send investors fleeing to safe havens.