If you have gold jewelry tucked away in a drawer, now might be the time to cash in! The price of gold just hit a record high-soaring past $3,100 per ounce-and experts say it could climb even higher. But what does that mean for you?

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.

Gold prices extended their rally, hitting a fresh record as fears of a widening trade war ahead of Trump’s tariff rollout drove a rush toward the safe-haven asset.

Gold prices eased on Tuesday on profit-taking but remained near record highs as investors turned to the safe-haven asset ahead of President Donald Trump's planned announcement of sweeping tariffs on countries that have a trade imbalance with the U.

A massive arbitrage trade that has drawn tens of billions of dollars’ worth of gold and silver to the US came to an abrupt halt with Wednesday’s announcement that precious metals would be exempt from Donald Trump’s sweeping tariffs.

Gold price have risen from Wednesday’s record close, propelled by fears that Trump’s tariffs will continue to hammer stocks and expectations that central banks will continue to hoard the precious metal.

Jittery investors flocked to safe-haven assets on Thursday and pushed gold to a record high after U.S. President Donald Trump unleashed more aggressive-than-expected import tariffs, kicking into higher gear an already heated global trade war.

Gold prices extended gains on Wednesday to hover near all-time highs, boosted by safe-haven inflows after U.S. President Donald Trump announces reciprocal tariffs that would escalate a trade war.

Gold settled 0.1% lower, snapping a three-session winning streak, and silver fell 0.9%, down for a third consecutive session.