Gold Price Surpasses $3,250 per Ounce for the First Time in History
World
On April 11, the global market saw gold prices exceed $3,250 per ounce for the first time in history. This marks a historic record. Experts attribute the sharp rise to trade wars and the devaluation of the US dollar.
On the Comex exchange, June futures rose by 2.2% to reach $3,246.2 per ounce. During trading, the price peaked at $3,255.9 — an all-time high.
According to experts, the weakening of the US dollar is one of the main factors behind the surge in gold prices. The DXY dollar index dropped by 1%, hitting its lowest level since 2022. Trading Economics attributes this to declining investor confidence amid ongoing trade wars.
Earlier this week, the US announced a 90-day pause to negotiate tariff issues with most countries. However, this did not apply to China, where tariffs were raised to 145%. In response, China increased its tariffs on US goods to 125%.
Analysts say that rising tensions between the world's two largest economies are increasing the risk of a global economic downturn. In such circumstances, investors are turning to "safe haven" assets like gold.
“We believe gold prices will continue to rise. In a favorable scenario, the price could reach $3,400–$3,500 per ounce in the coming months,” said UBS analyst Giovanni Staunovo.
Over the past two years, gold prices have surged: at the beginning of 2023, one troy ounce was around $1,900, but by April 2025, the price has exceeded $3,250 for the first time.
According to experts, the weakening of the US dollar is one of the main factors behind the surge in gold prices. The DXY dollar index dropped by 1%, hitting its lowest level since 2022. Trading Economics attributes this to declining investor confidence amid ongoing trade wars.
Earlier this week, the US announced a 90-day pause to negotiate tariff issues with most countries. However, this did not apply to China, where tariffs were raised to 145%. In response, China increased its tariffs on US goods to 125%.
Analysts say that rising tensions between the world's two largest economies are increasing the risk of a global economic downturn. In such circumstances, investors are turning to "safe haven" assets like gold.
“We believe gold prices will continue to rise. In a favorable scenario, the price could reach $3,400–$3,500 per ounce in the coming months,” said UBS analyst Giovanni Staunovo.
Over the past two years, gold prices have surged: at the beginning of 2023, one troy ounce was around $1,900, but by April 2025, the price has exceeded $3,250 for the first time.
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