With many stock markets in the red and Dow Jones headed for worst April since 1932, gold could even reach $4,000Business live – latest updatesGold has risen above $3,500 an ounce for the first time while many stock markets are in the red and the US dollar hit a three-year low, after Donald Trump’s blistering attack on the Federal Reserve chair, Jerome Powell, caused alarm among investors.Spot gold reached the record price on Tuesday morning, extending a rally that has pushed bullion up from $2,623 an ounce at the start of this year. Analysts now predict the metal could even reach $4,000 only a matter of weeks after the price moved through $3,000 for the first time. Continue reading…
Source link : https://www.theguardian.com/business/2025/apr/22/gold-hits-3500-us-dollar-sinks-three-year-low-stock-markets
Author : Julia Kollewe and Graeme Wearden
Publish date : 2025-04-22 10:27:00
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Gold hits $3,500 for first time as US dollar sinks to three-year low
