{"id":21068,"date":"2025-04-21T07:12:27","date_gmt":"2025-04-21T07:12:27","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=21068"},"modified":"2025-04-21T07:12:27","modified_gmt":"2025-04-21T07:12:27","slug":"gold-hits-record-high-us-economic-tensions-even-higher","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-asia\/analysis\/gold-hits-record-high-us-economic-tensions-even-higher\/","title":{"rendered":"Gold Hits Record High\u2014US Economic Tensions Even Higher"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"559\" src=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2026\/03\/download-11-3-1024x559.png\" alt=\"\" class=\"wp-image-21069\" \/><\/figure>\n\n\n\n<p><strong>Key Points:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Gold surges to above $<strong>3,390 <\/strong>per ounce, setting <strong>a new record high.<\/strong><\/li>\n\n\n\n<li><strong>Safe-haven demand boosted<\/strong> by ongoing trade tensions and a weaker U.S. dollar, as U.S. dollar hits a three-year low\u2014enhancing gold\u2019s appeal to international traders.<\/li>\n\n\n\n<li><strong>ECB interest rate cuts <\/strong>and <strong>potential U.S. tariff hikes<\/strong> on critical mineral imports further support gold&#8217;s rally.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\" \/>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Gold Soars Above $3,390, Supported by Trade Tensions and U.S. Dollar Weakness<\/h2>\n\n\n\n<p>Gold prices <strong>surged more than 1%<\/strong> on Monday, rising to <strong>a new record high above $3,390<\/strong> per ounce, driven by robust safe-haven demand amid escalating global trade tensions and the continued weakening of the U.S. dollar. The price of gold has now reached levels not seen before, offering an attractive refuge for traders seeking stability.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Gold hits record high on trade war woes, weak dollar <a href=\"https:\/\/t.co\/h54MJtamzI\">https:\/\/t.co\/h54MJtamzI<\/a> <a href=\"https:\/\/t.co\/i2co5TMD96\">pic.twitter.com\/i2co5TMD96<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/1914208751877317108?ref_src=twsrc%5Etfw\">April 21, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>The rally in gold came as President Donald Trump <a href=\"https:\/\/www.msn.com\/en-us\/politics\/government\/trump-orders-critical-minerals-probe-that-could-lead-to-tariffs\/ar-AA1D135N?ocid=BingNewsSerp\"><strong>ordered an investigation into the imposition of new tariffs on all U.S. critical mineral imports<\/strong><\/a>\u2014a major escalation in the ongoing trade dispute, especially with <a href=\"https:\/\/www.msn.com\/en-us\/money\/markets\/china-opposes-any-deals-between-us-other-nations-at-its-expense\/ar-AA1DhGk5?ocid=BingNewsSerp\"><strong>China<\/strong><\/a>. The uncertainty surrounding these trade tensions is playing a significant role in driving the demand for safe assets like gold.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Weak U.S. Dollar Boosts Gold Appeal<\/h2>\n\n\n\n<p>Adding to gold\u2019s appeal, the <strong>U.S. dollar fell to a three-year low<\/strong>, making gold more attractive to holders of other currencies. This decline in the U.S. dollar is amplifying gold&#8217;s position as a hedge against currency weakness.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Dollar tumbles as Fed independence under threat from Trump <a href=\"https:\/\/t.co\/AUbWjxzO8S\">https:\/\/t.co\/AUbWjxzO8S<\/a> <a href=\"https:\/\/t.co\/uhC53YxsRC\">pic.twitter.com\/uhC53YxsRC<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/1914159692764356998?ref_src=twsrc%5Etfw\">April 21, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">ECB Cuts Rates, Further Elevating Gold\u2019s Allure<\/h2>\n\n\n\n<p>In addition to geopolitical concerns, recent monetary policy actions have further supported the gold market. The European Central Bank\u2019s decision to <a href=\"https:\/\/www.msn.com\/en-us\/money\/markets\/ecb-cuts-interest-rates-to-counter-threat-from-trump-tariffs\/ar-AA1D6ulh?ocid=BingNewsSerp\"><strong>cut interest rates<\/strong><\/a> has helped enhance the precious metal\u2019s attractiveness, as market participants seek higher returns in an environment where yields on other assets remain low.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Technical Outlook for Gold<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"450\" src=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2026\/03\/21.4_2-1024x450.jpg\" alt=\"\" class=\"wp-image-21072\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><em>Picture: XAUUSD surges past 3380 to test resistance at 3390.71, as seen on the\u00a0<a href=\"https:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WA\">VT Markets app<\/a>.<\/em><\/p>\n\n\n\n<p>XAUUSD increased by <strong>1.74<\/strong>%, closing at <strong>3389.75 <\/strong>after opening at <strong>3331.94<\/strong>. The price saw a strong upward movement, reaching a high of <strong>3390.71 <\/strong>before retracing slightly to close near <strong>3389.75<\/strong>.<\/p>\n\n\n\n<p>The moving averages (MA 5,10,30) show bullish momentum, with the shorter-term moving averages crossing above the longer-term ones, indicating continued potential for upward movement. The MACD (12,26,9) confirms the bullish trend, as the histogram is positive, and the MACD line (blue) is above the signal line (yellow).<\/p>\n\n\n\n<p>As global trade uncertainties persist and the U.S. dollar remains under pressure, gold\u2019s price may continue to see upward momentum. Traders will be watching for further developments in the U.S.-China trade dispute and potential policy actions from central banks that could impact the precious metal\u2019s performance.<\/p>\n\n\n\n<p>Immediate resistance for gold is at $<strong>3,390<\/strong>, with a break above this level potentially opening the way for further gains. Support levels are now being monitored near $<strong>3,320<\/strong>, with further downside risk if geopolitical tensions ease.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\">Create your live VT Markets account<\/a>\u00a0and\u00a0<a href=\"https:\/\/myaccount.vtmarkets.com\/login?_gl=1*1azgbap*_gcl_au*NjE5NTE3MjY4LjE3NDQ2MDA3NDI.*_ga*MTY4OTgwNTU5Mi4xNzM2NzQ2MTgy*_ga_J26NL1ZVX7*czE3NDQ5NDQ0NTYkbzEyMCRnMCR0MTc0NDk0NDQ1NiRqNjAkbDAkaDA.\">start trading<\/a>\u00a0now.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices surge to record highs above $3,390, driven by geopolitical tensions and a weaker U.S. dollar. Safe-haven demand continues to elevate gold in the current market environment. -vtmarkets.com<\/p>\n","protected":false},"author":66,"featured_media":21069,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31],"tags":[6],"class_list":["post-21068","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-gold"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/21068","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/comments?post=21068"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/21068\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media\/21069"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media?parent=21068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/categories?post=21068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/tags?post=21068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}