From Yahoo Finance: 2025-04-21 05:01:00

Gold reached a record high above $3,390 an ounce due to US dollar weakness, Trump’s Fed criticism, and ongoing trade war fears. The metal has been soaring as investors seek safe havens amid market turmoil. China warns against deals that harm its interests, while banks predict gold could hit $4,000 next year.

Spot gold surged 2.1% to $3,396.08 an ounce, with the Bloomberg Dollar Spot Index falling 0.9%. Silver rose 0.9%, platinum remained steady, and palladium declined. Central banks are increasing gold reserves, ETF holdings are up, and a global economic slowdown is feared. Banks are bullish on gold’s prospects for the future.

Read more: Gold Hits Record as Dollar Sags and Trade War Concerns Persist