<div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Gold prices have hit a record high, breaking the $5000 an ounce barrier for the first time.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>They reached a high of just over $5020 an ounce yesterday before shrinking again slightly today.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The latest peak comes on the back of months of value surges, with gold prices about 20 per cent higher than this time last year.</span></div></div><div><div id="adspot-mobile-medium"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE:</span></strong><span> </span><a href="https://www.9news.com.au/national/missing-person-tayla-spies-queensland-mother-of-three-missing-in-outback-for-two-months/02480e8f-703c-4f67-8004-05cdbf1cd434" target="_blank"><strong><span>'People don't just disappear out here': Young mum still missing in Queensland outback</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Much of the increase has been attributed to the market volatility caused by US President Donald Trump's economic program, including his soon-to-be-expanded raft of wide-ranging tariffs.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"Investors worldwide are turning to gold as the ultimate safe-haven asset, reinforcing its role as a hedge against inflation and geopolitical instability," IBV International Vaults London managing director Sean Hoey said.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Hoey said there was "unprecedented demand" for secure gold storage.</span></div></div><div><div class="OUTBRAIN" data-reactroot="" data-src="//www.9news.com.au/national/gold-prices-hit-record-high-5000-dollars-an-ounce/c90bcc71-3a16-4c25-b92b-a74025eb92bc" data-widget-id="AR_5"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE:</span></strong><span> </span><a href="https://www.9news.com.au/world/what-will-trumps-liberation-day-tariffs-mean-for-australia-and-how-should-we-respond/bdaf3ae6-d17a-4dc3-b84e-3f81919a4a2b" target="_blank"><strong><span>Trump's 'Liberation Day' looms: What does it mean for Australia?</span></strong></a></div></div><div class="styles__Wrapper-sc-2o34ro-0 cmwkBV"><div class="styles__Column-sc-2o34ro-3 jJDKrX"><a href="/content/2025/03/11/16/41/donald-trump-billionaires-lost-money-supporters-in-pictures"><img alt="Guests including Mark Zuckerberg, Jeff Bezos, Sundar Pichai and Elon Musk, arrive before the 60th Presidential Inauguration in the Rotunda of the U.S. Capitol in Washington, Monday, Jan. 20, 2025. (AP Photo/Julia Demaree Nikhinson, Pool)" sizes="(min-width: 1024px) 636px, (min-width: 768px) 396px, 100vw" src="https://imageresizer.static9.net.au/hH_9HUsYX7dlj6gTq5XRvApWp80=/0x0:6215x3495/396x223/https%3A%2F%2Fprod.static9.net.au%2Ffs%2Fd0992c21-e070-40e4-9ae7-852a286590b9" srcset="https://imageresizer.static9.net.au/hH_9HUsYX7dlj6gTq5XRvApWp80=/0x0:6215x3495/396x223/https%3A%2F%2Fprod.static9.net.au%2Ffs%2Fd0992c21-e070-40e4-9ae7-852a286590b9 396w, https://imageresizer.static9.net.au/3QFl8nd09HtmSNA7zcq4bN3jwBI=/0x0:6215x3495/636x358/https%3A%2F%2Fprod.static9.net.au%2Ffs%2Fd0992c21-e070-40e4-9ae7-852a286590b9 636w"/></a></div><div class="styles__Column-sc-2o34ro-3 jJDKrX"><div class="styles__Headline-sc-2o34ro-4 hpbOlz">They threw it all behind Trump - and lost more than $300 billion</div><div class="styles__Button-sc-2o34ro-1 eBjlmW"><a class="styles__ButtonLink-sc-2o34ro-2 hqpklJ" href="/content/2025/03/11/16/41/donald-trump-billionaires-lost-money-supporters-in-pictures">View Gallery</a></div></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>It's unlikely to go away, with a barrage of new tariffs anticipated with </span><a href="https://www.9news.com.au/world/what-will-trumps-liberation-day-tariffs-mean-for-australia-and-how-should-we-respond/bdaf3ae6-d17a-4dc3-b84e-3f81919a4a2b" rel="" target="_blank" title="Trump's &quot;Liberation Day&quot; announcements"><span>Trump's "Liberation Day" announcements</span></a><span> tomorrow at 7am AEDT.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Billions of dollars in Australian exports from beef and sheep to pharmaceuticals and the media may be on the receiving end of American punishment, if an updated list of US trade grievances is anything to go by.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>But there is increasing speculation Trump may ditch his so-called "reciprocal tariffs" – matching dollar for dollar any fees charged by foreign countries on what they import from the US – in favour of blanket imposts.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><a href="https://www.9news.com.au/national/how-to-follow-9news-digital/29855bb1-ad3d-4c38-bc25-3cb52af1216f" target="_blank"><strong><em><span>DOWNLOAD THE 9NEWS APP</span></em></strong></a><strong><em><span>: Stay across all the latest in breaking news, sport, politics and the weather via our news app and get notifications sent straight to your smartphone. 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