GOLD PRICE HITS ALL-TIME HIGH NEAR $3,275
GOLD PRICE HITS ALL-TIME HIGH NEAR $3,275
On Wednesday, April 16, 2025, gold prices soared to a new all-time high, reaching $3,275.20 per ounce during the early Asian trading session.
The surge in gold prices is attributed to increased safe-haven demand amid escalating U.S.-China trade tensions and uncertainties surrounding U.S. President Donald Trump's tariff policies.
A 0.4% decline in the U.S. dollar index has made gold more attractive to international investors, further driving up its price.
Market participants anticipate potential interest rate cuts by the Federal Reserve, which would enhance gold's appeal as a non-yielding asset.
Analysts at ANZ Bank have raised their year-end gold price forecast to $3,600 per ounce, citing ongoing economic uncertainties and strong investor interest.
