GOLD PRICE HITS RECORD HIGH ABOVE $3,200
GOLD PRICE HITS RECORD HIGH ABOVE $3,200
On April 10, 2025, gold prices surged to a record high, closing at $3,155.20 per troy ounce, marking a 3.2% increase the largest single.
The rally is driven by heightened investor demand for safe-haven assets amid escalating global trade tensions and economic uncertainties.
Gold mining companies experienced significant gains, with Newmont Corporation leading the S&P 500 with a nearly 5% increase in share value.
Barrick Gold rose about 4%, Kinross Gold climbed 5%, and Gold Fields jumped over 8% to close at an all-time high.
Ongoing tariff disputes and geopolitical tensions have contributed to economic instability, prompting investors to seek the stability of gold.
Experts suggest that the current gold rally is more sustainable than previous peaks, citing factors such as geopolitical instability, central bank policies, and a weakening U.S. dollar as contributors to gold's strength.
