Gold Surges Past $3000 an Ounce as Investors Flock to Safe-Haven Assets

Gold surged past $3000 an ounce for the first time as investors flocked to safe-haven assets following Donald Trump's escalation of his tariff war with the EU and other nations.

Gold broke through $3,000 an ounce for the first time as investors sought refuge in safe-haven assets on Thursday, following Donald Trump’s escalation of his tariff war with the European Union and other nations.

The world’s most valuable metal was trading at $3,010.18 an ounce by 07:08 ET (11:08 GMT), up 0.3%. It earlier touched a high of $3,018.

The surge in the gold price started when Trump imposed blanket 25% tariffs on U.S. steel and aluminum imports, prompting retaliation from the EU and Canada.

Further responding to the EU bloc’s plan to tax American whiskey imports, the U.S. President yesterday sharply escalated tensions by threatening to impose a 200% tariff on E.U. wine and alcohol imports.

Investors are concerned that the tariffs will fuel inflation and hasten deglobalization, leading to slower growth for the world economy.

During such times of uncertainty, investors frequently turn to safe haven assets like gold for respite.

Best Crypto To Buy Now As Gold Surges

So, how should crypto investors position their portfolios during such turbulent times?

One place to seek shelter is presales. Because they are yet to list, these cryptos provide both shelter from market forces and future upside potential.

Here are three presales that are among analyst favorites:

Solaxy (SOLX)

Solaxy is getting rave reviews from analysts because of its potential to enhance the Solana blockchain’s efficiency.

It’s the first layer-2 scaling solution for the Solana ecosystem. Over the past few months, Solana-based meme coin launches have resulted in high levels of congestion on the blockchain, especially after trading spiked following the launch of TRUMP and MELANIA meme coins in January.

With new tokens competing for computational power on a daily basis, Solana risks suffering more down time and even outages if something does not change soon.

Enter, Solaxy. With its native sidechain and proven scaling technologies, the project will ease the computational burden that thousands of meme coin launches every day put on the Solana network.

One of the ways that Solaxy will help Solana is by taking the transaction processing workload off of the layer-1 chain. Instead, the project will bundle transactions on its own chain, and only submit the batches of transactions to the Solana mainnet for final validation.

This approach to transaction processing has already excited investors, who have poured more than $26.2 million into the project’s ongoing presale.

According to 99Bitcoins, a prominent crypto YouTube channel with over 725K subscribers, Solaxy has the potential to soar 100X post-launch.

Best Wallet (BEST)

Every trader will need a place to store their crypto during these turbulent times, and there is no better solution than Best Wallet.

The project offers investors a wide range of features that enable them to trade, store, secure, and even grow their holdings, all within a single, easy-to-use app.

Seeing all your wallets and balances in one place helps you stay organized, saves valuable time, and lets you focus on the important stuff.

Best Wallet brings everything together so you can manage your crypto seamlessly, without the hassle of switching between apps.

Trade, store, and secure your crypto in one place! 🤩

Get started with Best Wallet today: https://t.co/rE99WbqHBI#BestWallet #crypto #blockchain #web3 #tech #startup #newtechnology #newproduct #bankless #DeFi #timenomoney

— Best Wallet (@BestWalletHQ) March 3, 2025

A standout feature of the app is its “Upcoming Tokens” tab, which flags high potential cryptos that are still in their early stages.

The success of this feature has already been proven with its identification of Catslap (SLAP) and Pepe Unchained (PEPU) as tokens to watch. Both of the meme coins printed massive gains for early investors.

But investors don’t need to look outside of the Best Wallet ecosystem for gains, and YouTuber ClayBro, with over 136K subscribers, says its $BEST token has the potential to soar 10X after launch.

Investors seem to be just as bullish as ClayBro on $BEST, with the project’s total presale raise recently surging past $11 million.

BTC Bull Token (BTCBULL)

The BTC Bull Token presale has charged past $3.6 million in its presale as investors flock to buy a project that’s giving away real Bitcoin.

BTCBULL is a meme coin that aims to support the largest crypto by market cap on its journey to $1 million per coin and beyond.

As Bitcoin soars to new all-time highs, the project will