US EditionGold surges to new record high after Trump’s repeated attacks on US Fed chief
- On Tuesday, April 22, 2025, gold prices surged to a record high above $3,500 per ounce amid growing market turmoil linked to US President Donald Trump's attacks on Federal Reserve Chair Jerome Powell.
- The rally followed Trump's repeated criticism of Powell for not lowering interest rates, threats to remove him before his term ends in 2026, and challenges to the Fed's independence that unsettled investors.
- This safe-haven demand was also driven by escalating geopolitical and economic risks, declining confidence in the US dollar, and a widespread sell-off of US stocks including the Dow, S&P 500, and Nasdaq.
- Spot gold reached a peak of $3,500.05 per troy ounce, marking over a 31% increase so far this year, while US gold futures rose 2.3% to $3,502.40 amid a US dollar index slump to its lowest since early 2022.
- This price surge signals ongoing concerns about US monetary policy stability and economic uncertainties, suggesting gold may remain well supported as investors seek protection from political and market volatility.
290 Articles
290 Articles
Gold Will Remain Most Optimal Hedge in 2025 and 2026 Amid Stagflation, Recession, Debasement and US Policy Risks: J P Morgan
Get latest articles and stories on Business at LatestLY. Global investment banking giant JP Morgan has reaffirmed its bullish stance on gold, projecting it as the most optimal hedge through 2025 and 2026 amid mounting risks of stagflation, recession, currency debasement, and U.S. policy uncertainties. Business News | Gold Will Remain Most Optimal Hedge in 2025 and 2026 Amid Stagflation, Recession, Debasement and US Policy Risks: J P Morgan.
Peter Schiff: Gold's Rise Is A Warning Everyone Ignores
Peter Schiff: Gold's Rise Is A Warning Everyone Ignores Via SchiffGold.com, In Friday’s episode of The Peter Schiff Show, Peter sets his sights on the market’s astonishing complacency in the face of gold’s surge, the misplaced confidence in U.S. trade policy, and the broader implications of America’s debt addiction. He makes the case that the real warning signals aren’t flashing on Wall Street or Capitol Hill, but embedded in the price of gold—w…
Record gold prices means business boom for Montana pawn shops
The price of gold surged to new record highs this week, briefly hitting more than $3,500 per ounce on Tuesday. Gold prices have already increased 31% so far this year, as opposed to 27% by the end of 2024, and have hit 28 record highs. Pawn shops are seeing an increase in people selling their gold, as the price increase presents a quick money-making opportunity. Watch the full story: Record gold prices means business boom for Montana pawn shopsM…
Liberia: Record Gold Prices Spark Questions About National Benefit Amid Resource Wealth
Monrovia -- As gold prices soar to an unprecedented $3,500 per ounce--marking a 30 percent surge in just the first four months of the year--questions are mounting over whether resource-rich Liberia stands to benefit from this global trend.
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