• World News
  • Politics
  • Stock
  • Investing
  • Editor’s Pick
Time And Sales Reporter
Investing

Gold Price Hits New Record, Breaking US$3,300 for First Time

by admin April 18, 2025
April 18, 2025

The gold price reached yet another record high on Wednesday (April 16), breaking US$3,300 per ounce.

The precious metal has gained significant momentum since the beginning of the year. In trading on Wednesday it surged past the US$3,200 mark, climbing as high as US$3,354.10 per ounce. The price retreated below the US$3,300 mark on Thursday (April 17).

The rise comes after statements from US Federal Reserve Chairman Jerome Powell made at the Economic Club of Chicago on Wednesday. In his remarks, he said that he expects US President Donald Trump’s tariff policy to negatively impact US economic growth and further fuel inflation.

In addition to gold climbing to record highs, the US dollar sank to its lowest point in three years with the DXY dollar index falling to 99.3 points on Thursday.

Gold price chart, April 10, 2025, to April 17, 2025.

Gold prices have soared in recent weeks amidst the chaos caused by Donald Trump’s tariff announcements on April 2.

Those measures included a 10 percent tariff on all but a handful of countries, including Canada and Mexico, with more severe reciprocal tariffs to come into effect this week. However, on April 9, Trump announced he would pause the additional tariffs for 90 days, saying more than 70 countries had contacted him to make deals.

Trump may have also been feeling pressure from economic advisors as a surge in treasury yields signaled a potential economic crisis brewing in the US bond market. Normally a safe haven during market volatility, the bond market saw a significant selloff this week as US tariffs and worries about the US economy’s stability spooked traders.

Although the pause gave most countries some breathing room, tariffs against China were left on the table. After much back and forth, US tariffs levied against China have now increased to 145 percent.

The net effect of Trump’s actions has been political and financial turmoil, sparking selloffs in major stock markets and pushing prices for safe-haven assets like gold to fresh records.

Additionally, China, Japan and South Korea agreed on March 30 to seek deeper free trade ties in response to the threat of tariffs from the US government. The deal marks a significant move by the three countries following decades of US diplomacy to maintain close relationships with Japan and South Korea.

Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

Keep reading…Show less

This post appeared first on investingnews.com

previous post
Westport Announces Annual General and Special Meeting and Timing of Q1 2025 Financial Results
next post
Trump: China calling ‘a lot’ since last week’s tariff increase, deal could happen as soon as 3 weeks

Related Posts

Crypto Market Update: Markets Pull Back After Fed...

August 2, 2025

Silver Crown Provides Corporate Update

August 2, 2025

Albemarle Swings to Profit, Lowers Spending Amid Prolonged...

August 2, 2025

Top 5 Canadian Mining Stocks This Week: Helius...

August 2, 2025

Quimbaya Gold Announces Termination of LOI with Denarius...

August 2, 2025

Skyharbour Resources

August 1, 2025







    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.




    Recent Posts

    • JPMorgan marks 1,000th branch opening since 2018 expansion plans

      August 2, 2025
    • WATCH: Trump says he is hopeful Hillary Clinton will be investigated for election fraud

      August 2, 2025
    • Trump moves nuclear submarines weeks after praising sub’s power in Iran strikes

      August 2, 2025
    • Recess on ice as Republicans hunker down for high-stakes nominee blitz

      August 2, 2025
    • Iran says it has ‘plenty of scientists’ left to restart uranium enrichment, despite US, Israeli strikes

      August 2, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 timeandsalesreporter.com | All Rights Reserved

    Time And Sales Reporter
    • World News
    • Politics
    • Stock
    • Investing
    • Editor’s Pick

    Read alsox

    Interview with Executive Chairman

    July 4, 2025

    Naturalized Immigrants Probably Voted Republican in 2024

    March 25, 2025

    Call for Proposals: Junior Scholars Symposium 2025

    January 20, 2025