Key Takeaways Gold hit another record high on Wednesday as investors look to traditional safe havens amid uncertainty about tariffs and the health of the economy. An intraday reversal on Tuesday formed a shooting star,

It's important to carefully evaluate the moves you're making now that the price of gold is sitting at a new high.

Uncertainty surrounding U.S. President Trump's tariffs added extra heat to the momentum of gold's rise, as well as strong demand from central banks.