Gold price forecast: Gold nears record high of $3,246 as Trump’s shifting tariff policy and Fed rate cut bets fuel safe-haven demand — but market caution grows amid fragile global outlook

Gold price forecast is back in focus as gold nears a new record high of $3,246, driven by uncertainty over Trump’s tariff policy and growing Fed rate cut expectations. Investors are moving toward safe-haven assets like gold amid mixed signals from the White House and the Federal Reserve. With China’s economic data and shifting US trade decisions adding to market stress, the gold market is heating up. But caution remains as traders stay alert to any sudden policy changes.