From Yahoo Finance: 2025-04-11 11:36:00

Gold surged past a record $3,200 per ounce, becoming the top safe-haven asset. China raised duties on US goods to 125% in response to US tariff hikes. Gold futures had their best five days since 2020. The dollar index hit its lowest level since 2022 amidst market chaos. Gold prices are up over 24% year-to-date, hitting all-time highs. Central banks and investors are flocking to gold amid tariff uncertainty and rate cut expectations. Policymaking chaos is fueling gold’s bullish case. Gold’s rally is supported by high central bank demand and increased investor inflows into physical gold-backed ETFs.

Read more: Gold on track for best week since 2020 amid ‘shaken’ investor confidence in US