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Gold surged above $3,400 to a new record on Monday, as a fresh bout of US dollar weakness, uncertainty over the US-China trade tensions and an end to the Russia-Ukraine ceasefire spurred demand for the safe-haven metal. Spot gold rose more than 3% to a new all-time peak on Monday and were already adding to gains in overnight Asian trading to a new record of $3,436.01.
21 April ’25 Mining.com
It was another incredible week for the gold market as the price set another record high on the way to its eighth consecutive weekly gain. With this kind of momentum, analysts think it’s only a matter of time before prices reach $3,000.
The question is, what happens after that? $3,000 has become an extremely important psychological level, which means it could take some time to work through the resistance level as traders take profits at these highs.
22 February ’25 Kitco
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