Gold reaffirmed its safe-haven status this week, reaching a record high of $2,880 per ounce. This is the sixth week of continuous growth despite the fluctuations in global markets and the volatility of the dollar. Investors continue to turn to gold in search of stability amid global economic uncertainty.

The main factors of growth were aggravated trade risks and geopolitical tensions. The proposed US tariffs on goods from China, Canada and Mexico triggered retaliatory measures from these countries, which provoked investors' fears. Amid growing instability and uncertainty, gold became an attractive alternative for capital protection.

Additional pressure on the gold rate was exerted by the weakening of the US dollar. The dollar index declined by 1.77% over the week, making dollar-denominated gold even more favourable for buyers. Expectations of further interest rate cuts by the Federal Reserve are also supporting the precious metal's price growth.

Despite the positive trends in the gold market, not all market participants feel relieved. For example, shares of Eldorado Gold Corporation (EGO) fell by 11.27% due to the increased costs of the Skouries project. However, for investors oriented on protective assets, record prices for gold remain a bright signal of its stability and attractiveness in the conditions of global economic instability.