• Mon, Feb 9, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Indonesia News Portal for Traders | Financial & Business Updates

21 April 2025 12:26  |

Gold Prices Continue To Hit New Record Highs Amid Trade Concerns, Weaker USD

Gold (XAU/USD) prices rallied after Friday’s modest decline and climbed to an all-time high, nearing the $3,400 mark on Monday (4/21). Trade war concerns continued to stoke recession fears and weighed on investor sentiment, as evidenced by a weaker tone in equity markets and drove flows towards the traditional safe-haven precious metal. Additionally, the prevailing US Dollar (USD) selling bias was seen as another factor that benefitted the commodity.

US President Donald Trump’s back-to-back tariff announcements have dented investor confidence in the US economy. This, to a larger extent, overshadowed relatively hawkish comments by Federal Reserve (Fed) Chairman Jerome Powell last week and dragged the USD to a fresh two-year low, which provided an additional boost to Gold prices. Meanwhile, investors seem unfazed by the overly tense conditions on the daily chart, which suggests that the path of least resistance for XAU/USD is to the upside.

Source: FXStreet 

Related News

GOLD

Gold Down as Dollar Strength Outweighs Safe-haven Demand

Gold fell slightly after President Donald Trump imposed tariffs on imports from Canada, Mexico and China, with the surging do...

3 February 2025 07:33
GOLD

Gold Down as Trump Tariff Surprise Triggers Selloff from Re...

Gold is moving further away from its recent record high, swept away by the pessimistic mood sweeping global markets following...

4 April 2025 17:54
GOLD

Gold Extends Rally To $3,086, Hits New All-Time High

Gold (XAU/USD) price hit another record on Friday (3/28), hitting a new all-time high of $3,086 for now and is trading around...

28 March 2025 17:38
GOLD

Gold Faces Selling Pressure Ahead Of PCE And Tariffs Due La...

Gold (XAU/USD) price is pulling back from its recent record high, currently standing at $2,800.93, with profit-taking still o...

31 January 2025 18:00
BIAS23.com NM23 Ai