Investors continued piling into gold after President Donald Trump again criticized Jerome Powell, the chair of the Federal Reserve.

Gold just blasted past another milestone, extending this year’s 30% rally and briefly surpassing $3,500 an ounce for the first time. The moves underscore how the “sell-the-US narrative” is gaining speed.

President Trump’s tariffs and his attacks on the Federal Reserve continue to unnerve the markets, pushing investors away from the dollar and toward havens like gold.

Gold mining stocks: With gold prices soaring, mining companies are seeing improved profit margins. This approach offers leveraged exposure to gold's upward trend. However, it comes with company-specific risks that require careful selection in today's volatile market.

On an inflation-adjusted basis, gold notched a new record price, surpassing the longstanding record set in 1980.

Futures for Canada's main stock index rose on Tuesday, bouncing back after the index tumbled in the previous session, boosted by gains in commodity prices.