Gold price has hit a new record of US$3,300 per ounce on Tuesday, April 16, 2025, as global trade wars continue to persist.
As the war continues to escalate, the US dollar is currently facing serious pressure, even as investors push towards safe-haven assets such as gold.
The rally in the precious metal comes amid persistent uncertainty surrounding global dynamics, prompting increased demand for gold as a store of value.
The price hike has also been supported by growing market expectations of aggressive monetary policy easing by the US federal reserve, with global inflation showing signs of persistence and economic growth slowing, and traders increasingly betting on interest rate cuts in the coming months.
The backdrop of the dollar’s strength is making gold cheaper for holders of other currencies and boosting global demand.
Meanwhile, market participants are closely watching upcoming economic data and any developments on the trade front, which could influence the US Federal policy path and extension gold’s trajectory.
