GOLD PRICE CONTINUES RECORD RALLY, HITTING ALL-TIME HIGH ABOVE $3,450
GOLD PRICE CONTINUES RECORD RALLY, HITTING ALL-TIME HIGH ABOVE $3,450
Gold prices have surged to unprecedented levels, reaching over $3,450 per ounce in Asian trading on Tuesday, April 22, 2025.
Spot gold rose 1.4% to $3,472.49 an ounce, briefly touching $3,473.03, while U.S. gold futures climbed 1.7% to $3,482.40.
Ongoing concerns about a potential U.S. recession and financial market instability have driven investors toward gold as a traditional store of value.
U.S. President Donald Trump's criticism of Federal Reserve Chair Jerome Powell and calls for immediate interest rate cuts have unsettled markets, further fueling demand for gold.
Escalating geopolitical tensions, particularly in the Middle East, have heightened risk aversion among investors, leading to increased gold purchases.
Global central banks have been increasing their gold reserves, with 29% of reserve managers planning to boost holdings in the next 12 months, the highest level in six years.
Goldman Sachs forecasts gold prices could reach between $3,650 to $3,950, and potentially as high as $4,500 if recession risks materialize.
