The Gold Rush of 2025 is still drawing investors in. Gold prices are up almost 30% this year, near a record high and trouncing stocks, bonds, most other commodities, and even Bitcoin. The yellow metal’s latest surge has been sparked by fears that the violence between Israel and Iran will spread across the Middle East,

Gold pushed higher in early Asia trading after US President Donald Trump called for the immediate evacuation of Tehran, boosting demand for havens as investors track hostilities between Israel and Iran.

While it may sound like a bad SNL sketch come to life, the news is true — the Trump Organization (revealed via Trump's son, Eric) has announced that they've licensed the presidential family name for smartphones and cellular services, calling it " Trump Mobile. "

The announcement represents another chapter in the unprecedented blurring of lines between Trump's personal business interests and his executive authority.

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Gold futures pared gains after rising close to a fresh record earlier in the session. Futures were down 0.5% at $3,433.90 a troy ounce, after opening near the record high of $3,509.90/oz. The precious metal rallied on Friday as rising Middle East tensions fuelled safe-haven demand,

The Trump administration says that for $5 million, successful applicants would get a fast track to U.S. permanent residency and citizenship.