GOLD SURGES AS INVESTORS DUMP DOLLAR, BONDS AHEAD OF VOLATILE MARKET OPEN
GOLD SURGES AS INVESTORS DUMP DOLLAR, BONDS AHEAD OF VOLATILE MARKET OPEN
On April 11, 2025, gold prices surged to a record high of $3,219.84 per ounce, surpassing the critical $3,200 threshold.
The U.S. dollar declined nearly 1% against major currencies, reaching a two-year low. This depreciation made gold more affordable for international buyers.
Investors sought safe-haven assets amid rising U.S.-China trade tensions.
President Trump increased tariffs on Chinese imports to 145%, prompting China to match with its own tariff hikes, fueling fears of a deepening trade conflict.
Traders anticipate Federal Reserve rate cuts due to unexpectedly falling inflation in March, contributing to gold's appeal as a non-yielding asset.
There was a notable increase in investments into gold-backed exchange-traded funds (ETFs), reflecting heightened demand for gold as a safe-haven asset.
Analysts noted that central banks were significant buyers of gold, adding to reserves amid global economic uncertainties.
