Gold price surged past the $5,000 per ounce mark for the first time, closing at $5,078 on Tuesday, according to Bloomberg. The jump came amid heightened market volatility triggered by former President Donald Trump’s abrupt trade threats to Canada and his tense remarks about Greenland and China. Treasury Secretary Steve Miller of GSFM said the rally reflects growing fears that the Trump administration may weaken the U.S. dollar to spur domestic production. The Federal Reserve’s push for banks to scrutinise dollar‑yen rates was seen as evidence that the dollar is too strong. Investors are turning to gold as a safe‑haven amid uncertainty over U.S. fiscal policy, rising debt and possible funding cuts to the Department of Homeland Security. Analysts warn that further dollar depreciation could shake global markets, but gold remains a sought‑after diversification tool for the foreseeable future.

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