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GOLD STAYS RELENTLESS IN ITS PUSH HIGHER, EYES $3,500 NEXT

Tina Collins

Tina Collins

— 1 min read
GOLD STAYS RELENTLESS IN ITS PUSH HIGHER, EYES $3,500 NEXT
GOLD STAYS RELENTLESS IN ITS PUSH HIGHER, EYES $3,500 NEXT

GOLD STAYS RELENTLESS IN ITS PUSH HIGHER, EYES $3,500 NEXT

Gold prices have surged to new all-time highs, driven by escalating geopolitical tensions, U.S. trade policies, and concerns over Federal Reserve independence.

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

President Trump's imposition of tariffs and his public criticism of Federal Reserve Chairman Jerome Powell have heightened market uncertainty, leading investors to seek safe-haven assets like gold.

Gold has risen nearly 30% since the beginning of the year, reflecting its status as a preferred safe-haven asset amid growing economic uncertainty.

Over 40% of fund managers surveyed by Bank of America expect gold to be the best-performing asset in 2025, indicating strong investor confidence in gold's future performance.

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.

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