Gold prices soared all the way to 3470 multi-factor "backed" rally
2025-04-22 02:51:31
On April 22nd, during the Asian trading session, the price of gold continued its record rally. Spot gold broke through multiple levels in a row and refreshed its high to $3,470. This shows that investors have poured money into gold, a traditional safe-haven asset, in the face of the heightened risk of recession in the United States and the instability of financial marekt, which has made the price of gold soar all the way. < b > Especially the current market confidence in the US dollar continues to be low, which has become an important factor driving the rising price of gold denominated in the US dollar. Looking ahead, gold is likely to remain the asset of choice for investors in the face of heightened financial marekt uncertainty and Trump's continuous attacks on Federal Reserve Chairperson Powell. < b > In addition, due to the lack of important US economic data, gold prices will be influenced by risk sentiment and tariff-related news.
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