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Gold prices have surpassed $3,000 an ounce for the first time, driven by central bank buying, economic fragility, and President Trump's trade policies. The rally has been fueled by investors seeking a store of value in turbulent times, with central banks buying bullion to diversify away from the dollar and China's economic worries. Despite typically being headwinds, higher interest rates and a strong US dollar have brought new buyers into the market, with some analysts predicting gold will continue to rise, potentially reaching $3,500 an ounce. Bloomberg's Mike McGlone reports. -------- Get more on The Bloomberg Intelligence Podcast On Apple: http://bit.ly/3YrBfOi On Spotify: http://bit.ly/3SPPZ8F Anywhere: http://bit.ly/43hOc0r Follow us on X: / bloombergradio Listen on Apple CarPlay and Android Auto with the Bloomberg Business app: Apple CarPlay: https://apple.co/486mghI Android Auto: https://bit.ly/49benZy Visit our YouTube channels: Bloomberg Podcasts: / bloombergpodcasts Bloomberg Television: / @markets Bloomberg Originals: / bloomberg Quicktake: / @bloombergquicktake