Under the influence of Trump's continued pressure on Powell, gold futures in New York broke through the 3500 mark today, and spot gold is just one step away from the 3500 mark.
Tim Waterer, chief market analyst at KCM Trade, said: "Investors have been shying away from US assets amid concerns over tariffs and the Trump-Powell dispute, which has put gold in a strong position to take advantage of the dollar's woes. And given the rapid rise in gold prices this month, there is still the possibility of a correction. But there is reason to believe that buyers will still be enthusiastic about gold if prices correct, as high levels of economic uncertainty remain a major feature of the market."
Analysts: Gold pullback is still "sweet pastry"
2025-04-22 04:10:29
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