“The Golden Rule Of Negotiating And Success: He Who has the gold makes the rules. Thank you!” wrote President Trump on his Truth Social platform on April 20th, sparking renewed interest in the precious metal.
Gold continued its bullish momentum on Monday, climbing more than 2% to trade above $3,400 per ounce—a historic record high if maintained at closing. This surge was fueled by investors seeking safe-haven assets amid growing global trade concerns and a weakening US dollar.
Market analysts are closely watching three key factors affecting gold’s short-term outlook: ongoing tariff negotiations between the US and China, potential changes to Fed Chairman Powell’s position at the central bank, and the dollar’s movement in currency markets.