Mon Apr 21 13:00:00 UTC 2025: ## Gold Soars to Record High Amid Trump’s Economic Policies
**NEW YORK** – Gold prices surged to a record high of $3,418 per ounce on Monday, fueled by growing investor anxieties surrounding President Donald Trump’s economic policies. The precious metal saw a 2.69% jump in futures trading, marking a nearly 30% increase since the beginning of the year.
The rally is largely attributed to President Trump’s escalating attacks on Federal Reserve Chairman Jerome Powell and the implementation of sweeping tariffs. Trump’s repeated calls for interest rate cuts and his consideration of firing Powell have shaken confidence in the U.S. economy, driving investors towards the safe haven of gold. The dollar also hit a three-year low, further bolstering gold’s appeal.
Analysts at Citi predict gold prices will continue their upward trajectory, reaching $3,500 within the next three months, citing strong investment demand exceeding mining supply. The combination of tariff-related growth concerns and increased central bank purchases is expected to sustain the gold price rally, according to analysts at Kenny Hu & Associates. The recent surge represents a significant escalation in gold’s value, driven by a confluence of political and economic uncertainty.
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