Sun Apr 13 07:50:00 UTC 2025: ## Gold Prices Surge to Record High Amidst US-China Trade War Fears
**Tehran, Iran** – Gold prices have reached a new record high, soaring to over $3,236 per ounce in global markets. This represents a 1.9% increase and a remarkable $198 (6.5%) jump over the past week alone, following a recent dip to $2,960. The price increase over the past month totals a staggering $304.
The surge is attributed to several factors, according to Reuters. A weakening US dollar, escalating trade tensions between the US and China, and growing fears of a global recession have driven investors towards gold as a safe haven asset. Analysts cite the instability created by the US-China trade war as a key driver, further fueled by decreased confidence in the US as a reliable trading partner, increased US Treasury bond sales, and a decline in the value of the US dollar.
Further bolstering gold prices are strong central bank purchases, anticipation of Federal Reserve interest rate cuts, geopolitical uncertainties, and increased investor demand for gold-backed exchange-traded funds. The combination of these factors has supported significant gold price increases throughout the year.
First Piper 