Gold, Bitcoin, and Oil Price Hit Record High Ahead of ‘Liberation Day’ Announcement

Global markets are witnessing substantial shifts as gold, Bitcoin, and oil prices rise sharply ahead of U.S. President Donald Trump’s much-anticipated tariff announcement, dubbed “Liberation Day.”

Scheduled for April 2, 2025, the reveal is expected to introduce reciprocal tariffs targeting countries with trade imbalances, creating ripples across financial sectors worldwide.

Gold Hits Record High Amid Economic Uncertainty

Gold prices have surged to an all-time high, crossing $3,172 per ounce, as investors flock to safe-haven assets. The precious metal has gained nearly 20% in value since the start of the year, driven by fears of inflation and global trade tensions.

Market strategist Quasar Elizundia remarked, “The growing concern over escalating trade and geopolitical tensions fully justifies gold’s current appeal.”

Gold prices surged above $3,100 per ounce to a record high. Worries about potential inflation due to US tariffs set the safe-haven asset up for its strongest quarter since 1986 https://t.co/FBODXCzTtq pic.twitter.com/S1Ua3S4NTA

— Reuters Business (@ReutersBiz) March 31, 2025

Bitcoin Gains Momentum as Investors Seek Alternatives

Bitcoin has also experienced a notable rise, trading at approximately $83,040. The cryptocurrency’s upward trajectory reflects increased interest from institutional investors and its perceived resilience amid economic uncertainty. Analysts suggest that Bitcoin’s performance is linked to its role as a hedge against traditional market volatility.

Oil Prices Climb Ahead of Tariff Implementation

Oil prices have risen by 2% in anticipation of Trump’s tariff rollout, with Brent crude trading at $74.94 per barrel. The tariffs are expected to impact global oil trade, particularly for countries reliant on imports from Venezuela and Russia. The Venezuelan government has strongly opposed the tariffs, calling them “arbitrary and illegal.”

Market Reactions and Global Implications

Financial markets are bracing for potential disruptions as Trump’s tariff plan unfolds. Asian equities showed mixed results, while U.S. Treasury yields fell, reflecting investor caution. Economists warn that the tariffs could lead to higher consumer prices and strained international relations.

Related Stories:

MCX Gold Rate Retraces ₹2900 from Record High: Buy or Wait? Bitcoin Price Surges Past $99,000 as US Halts Tariffs; XRP & Dogecoin Major Gains Gold Hits Record-Breaking $3,004.86 per Ounce Amid Economic Uncertainty Real-time Gold Price today – Latest Updates VanEck CEO Forecasts Bitcoin’s Meteoric Rise: Half the Market Cap of Gold? Bitcoin Price Breaks $80K: Record Highs Amid Pullback Concerns Bitcoin price outlook: $28,000 seen by year end as S&P 500 rebounds Golden Surge: NewEdge Wealth Predicts Unprecedented Rush in Record-Breaking Gold Fever