Gold prices hit record high of $3,500/oz as demand increases due to global financial uncertainties.

From Yahoo Finance: 2025-04-22 11:05:00

Gold prices have soared to $3,500 per ounce as confidence in the U.S. economy wanes following Trump’s criticism of the Fed chair. Trump’s comments led to a sell-off of U.S. assets and a drop in the dollar. Central bank demand for gold has increased significantly, with China adding to its reserves.

Analysts predict further gains for gold, with Goldman Sachs raising its year-end forecast to $3,700 and ANZ to $3,600. Experts believe any correction in the rally will be short-lived due to ongoing instability. Spot gold has hit 28 record highs in 2025, with prices up 31% for the year, driven by global financial uncertainties.



Read more at Yahoo Finance: Gold’s record run gains further traction; market conquers $3,500/oz