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GOLD PRICE SURGES TO $3,500 NEIGHBORHOOD; STRONG UPTREND REMAINS UNINTERRUPTED

Tina Collins

Tina Collins

— 1 min read
GOLD PRICE SURGES TO $3,500 NEIGHBORHOOD; STRONG UPTREND REMAINS UNINTERRUPTED
GOLD PRICE SURGES TO $3,500 NEIGHBORHOOD; STRONG UPTREND REMAINS UNINTERRUPTED

GOLD PRICE SURGES TO $3,500 NEIGHBORHOOD; STRONG UPTREND REMAINS UNINTERRUPTED

Gold prices have continued their upward trajectory, reaching new all-time highs amid escalating global uncertainties.

Gold prices surged to a record high of $3,391.62 per ounce on April 21, 2025, driven by escalating trade tensions between the U.S. and China and a weakening U.S. dollar.

The ongoing trade war and geopolitical uncertainties have heightened demand for gold as a safe-haven asset, contributing to its price surge.

President Trump's criticism of Federal Reserve Chairman Jerome Powell and concerns over the Fed's independence have unsettled investors, leading to a decline in the U.S. dollar and further boosting gold's appeal.

Analysts speculate that gold may soon test the $3,500 level, driven by continued geopolitical tensions, fears of stagflation, and sustained central bank gold purchases.

Sustained central bank gold purchases have provided additional support to gold prices, reflecting confidence in the metal's long-term value.

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