Gold prices passed $3,000 an ounce for the first time ever, driven higher by a central bank buying spree, economic fragility worldwide, and President Donald Trump’s attempts to rewrite the rules of global trade by imposing tariffs on allies and strategic rivals.

The price of gold, considered a haven during turmoil, surpassed $3,000 per ounce for the first time as investors send U.S. stock markets tumbling.

Safe-haven gold pierced through the psychological milestone of $3,000 an ounce on Friday for the first time, building on an historic rally fueled

Some 52% of global fund managers told Bank of America in a survey that they view gold as "the best hedge against a full-blown trade war."