Gold futures jumped to a new all-time record on Tuesday, as concerns over economic growth around President Trump's tariff plans continued to spark safe-haven flows into the metal, with added support from ongoing central bank buying.

Global banking institutions are forecasting that the price of gold will remain elevated throughout 2025, with the potential to reach a record high of $3,000 per ounce. This projection is primarily attributed to heightened geopolitical uncertainty around the world,