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On January 30, 2025, gold prices reached a new all-time high, with spot gold rising 1.2% to $2,793.25 an ounce, after peaking at $2,798.50 earlier in the session. This surge is attributed to recent U.S. economic data that weakened the dollar and increased safe-haven demand driven by President Donald Trump's tariff threats against Mexico, Canada, and potentially China. The U.S. dollar dipped approximately 0.2% following GDP growth figures that fell short of economist expectations, making gold more attractive to investors. ([mining.com](https://www.mining.com/gold-price-sets-new-all-time-high-amid-tariff-threats/?utm_source=chatgpt.com)) Analysts suggest that the softer GDP data has heightened expectations for potential interest rate cuts by the Federal Reserve, further bolstering gold's appeal. Ole Hansen, head of commodities strategy at Saxo Bank, noted that the weaker growth and lower prices could pave the way for additional rate cuts. Additionally, the Trump administration's plans to impose steep tariffs have created uncertainty, prompting investors to seek refuge in gold as a safe-haven asset. Jim Wyckoff, a senior market analyst at Kitco Metals, emphasized the growing anxiety surrounding these new trade policies. ([mining.com](https://www.mining.com/gold-price-sets-new-all-time-high-amid-tariff-threats/?utm_source=chatgpt.com)) P. Geo. Ricardo A Valls, M. Sc. and Geo Gadfly Valls Geoconsultant ORCID ID- https://orcid.org/0000-0002-5421-0914 Scopus Author ID: 7003369619/35335510700 ResearcherID: S-6604-2018 If you like this content, please "buy me a coffee" https://www.buymeacoffee.com/goldendroplets