The price of gold topped USD 3,500 an ounce for the first time on Tuesday, 22 April. According to several experts, there are two reasons for this meteoric rise in price. Firstly, the weakness of the US dollar and, above all, fears of a trade war, which have stimulated demand.
On the international market, the price of gold reached a record USD 3,424.24 an ounce on Tuesday. That’s just USD 1,097 more than a year ago. The price of gold has risen by more than 30% since the start of 2025, according to data company FactSet.
Gold futures also hit a record high early Tuesday, briefly surpassing the $3,500 mark for the first time, before falling back below $3,400 late Monday afternoon, The Associated Press reports.
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