Following Trump’s economic moves and rhetoric, gold has climbed to a record high. Exports say that this points to a desire for a safe asset. On Monday, gold broke above $2,900 per ounce for the first time. It extended gains Tuesday to hit a new peak above $2,942 per ounce.

Gold prices rose to a record high on Wednesday as investors poured into the safe-haven asset following President Trump's latest tariff threats. It was the ninth time this year that the precious metal hit a new peak.