Amid ongoing uncertainty regarding the United States' tariff policy, Israel launched a large-scale airstrike in the Gaza Strip, reigniting geopolitical tensions. On the 18th, local time, international gold prices reached a new high.
According to Reuters, as of 3:45 p.m. (Eastern time), the spot price of gold was $3,036.25 per ounce, up 1.16% from the previous session. The spot gold price surpassed the $3,000 per ounce mark for the first time on the 14th and rose to $3,038.26 on this day, breaking the previous record high.
Gold futures also hit a new record high on this day. At the New York Mercantile Exchange, the April futures contract for gold closed at $3,040.80 per ounce, up 1.2% from the previous session, surpassing the previous record.
Amid the ongoing uncertainty of the tariff war triggered by the Trump administration, the worsening situation in the Middle East has intensified demand for safe-haven assets, putting upward pressure on gold prices. Following a two-month ceasefire, the Israeli military resumed large-scale airstrikes in the Gaza Strip on the 18th, escalating tensions in the region. The Gaza Strip's Ministry of Health reported that the death toll from this airstrike had exceeded 400 by the afternoon of the same day.