Gold surged to a record high of $2,799.65 per ounce as investors sought refuge amidst tariff threats from President Donald Trump targeting Mexico and Canada. The Federal Open Market Committee opted to maintain interest rates, signaling a careful stance on inflation and economic expansion. According to Phil Streible, the prospect of stagflation due to mounting inflation and diminishing growth positions gold as a robust investment choice. Worries over the potential economic repercussions of Trump's policies bolstered demand for gold, propelling prices upwards.