Amid growing concerns over the economic conflict between the U.S. and China, gold prices have reached a record high of $3,219 per ounce. On Friday morning, April 11, 2025, the price of gold rose to $3,219 per ounce, marking the highest level in history before slightly dropping to $3,208 by 10:53 AM.

Traders are turning to gold as a safe-haven asset due to the effects of the ongoing economic war.

In addition to gold, the Swiss franc, also considered a safe investment, has risen against the U.S. dollar. This trend reflects the uncertainty prevailing in financial markets, according to Oliver Dacier, an analyst at SimCorp. He told Reuters, "We are now living in a world where nothing operates according to its own rules—neither trade, nor security, nor health, nor even state sovereignty."

Safe-haven assets are those expected to retain or even increase their value during economic turmoil, including gold and the Swiss franc.

On Thursday, the White House announced that U.S. tariffs on Chinese goods and products had risen to 145%. Despite this, President Donald Trump remains hopeful about reaching an agreement with Beijing.