From Barron’s: 2025-04-21 11:07:00

Gold futures have surged over 3%, reaching $3,400 per troy ounce for the first time. President Trump’s criticism of Fed Chair Jerome Powell is driving investors towards safe havens like gold. Analyst Peter Cardillo predicts gold prices could reach $5,000 per troy ounce if Trump continues his attacks on the Fed chief.

Read more: Gold Tops $3,400 on Worries Over Fed