Gold prices have climbed to unprecedented levels in recent weeks as investors rushed into the traditional safe-haven asset amid intensifying global political uncertainty. Global trade flows have been disrupted by tariffs imposed by US President Donald Trump on countries he considers unfavorable trading partners. The US seizure of Venezuelan President Nicolás Maduro also sent gold prices soaring. But prices of gold, silver and platinum dropped after reports suggested Trump would nominate Kevin Warsh, viewed as a more reassuring choice than other contenders, reports BBC. “It’s a really good diversifier in a very uncertain world.”Recent volatility, however, underscores that gold prices can fall as quickly as they rise, like other traded commodities.
