Gold prices hit new high due to US-China tensions and Trump's criticism of Fed chair.

From Yahoo Finance: 2025-04-21 13:27:00

Gold prices reached a new record high as tensions with China escalated and President Trump criticized Fed Chair Powell. Gold futures soared to over $3,400 an ounce, up 30% since the year began, with investors turning to safe-haven assets amid trade uncertainty. Trump’s renewed calls for interest rate cuts added to market anxiety. Powell’s remarks on tariffs complicated the Fed’s inflation goals, sparking further discord with Trump.



Read more at Yahoo Finance: Gold Hits Another All-Time High as Trump Feuds With China, Fed