Gold Prices Shatter Records, Surpass $3,200 as Economic Fears Grow

Driven by recession risks, trade tensions, and monetary policy shifts, gold continues its historic rally with analysts predicting further gains.

Gold surged past US$3,200 per ounce, reaching a record high of US$3,219.84 on April 11, 2025, as investors seek safe-haven assets.
Mounting recession fears, a weakening US dollar, and rising bond yields have bolstered gold's appeal as a crisis hedge.
US-China trade tensions, exacerbated by President Trump's increased tariffs, have heightened market volatility, further driving gold demand.
Expectations for additional Federal Reserve interest rate cuts and increased central bank gold purchases are fueling the rally.
Analysts forecast gold prices could climb to around US$3,500 per ounce later this year, reflecting sustained investor confidence in the asset.