Gold prices surged toward a record high on April 21, 2025, driven by escalating global trade tensions and a weakening U.S. dollar. Spot gold climbed to $3,354 an ounce, nearing the peak set last week, as investors sought safe-haven assets amid market volatility. ReutersReuters+3Business News Today+3Investopedia+3
The ongoing trade conflict has unsettled global markets, diminishing appetite for risk assets and accelerating a rush to havens like gold. Holdings in bullion-backed exchange-traded funds have expanded for 12 consecutive weeks, the longest run since 2022, indicating robust investor demand. Central banks have also been increasing their gold reserves, further underpinning the metal’s strength. Business News Today+1Business News Today+1
Analysts attribute the rally to a combination of factors, including geopolitical risks, U.S. tariff policies, stagflation concerns, and steady central bank demand. The weakening U.S. dollar has made gold more appealing to investors using other currencies. Reuters
Source (full link):
https://www.moneycontrol.com/news/business/gold-climbs-toward-record-as-global-trade-war-concerns-dominate-12999038.html
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