If anything is safe from the economic chaos caused by President Donald Trump’s tariffs, it’s probably gold — or at least that’s what investors seem to think.

The price of gold has increased rapidly in the months since Trump took office, surging particularly since his March 2 announcement of a baseline 10 percent tariff on all US imports. This week, it briefly climbed to a record high of more than $3,500 per ounce during day trading, before closing slightly lower than that.

The uncertainty and projected losses caused by those tariffs have sent the stock market spiraling downward, with the S&P 500 falling more than 8 percent in the last month. The tariffs have also scrambled the markets for other traditionally safe investments linked to the US, like Treasury bonds and the US dollar.

US Treasury bonds have seen a major selloff in recent weeks, with yields climbing to alarmingly high levels. (High yields are typically a sign that investors are losing........

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