Key Takeaways Gold hit another record high on Wednesday as investors look to traditional safe havens amid uncertainty about tariffs and the health of the economy. An intraday reversal on Tuesday formed a shooting star,

Gold prices have surged to multiple all-time highs this week. The rally has been fueled by escalating global economic uncertainty, largely driven by U.S. tariff policies.

The gold price has hit all-time record highs, breaking through the $5000 mark in Australian dollars for the first time.

Jittery investors flocked to safe-haven assets on Thursday and pushed gold to a record high after U.S. President Donald Trump unleashed more aggressive-than-expected import tariffs, kicking into higher gear an already heated global trade war.

AEM is up 2.6% to trade at $110.33, despite bullion prices being lower at last glance. The security already added 41.2% in 2025, and is fresh off its April 1, all-time high of $158.10. The shares have relied on support from the 40-day moving average since January,