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Gold Smashes Through $3,100 Barrier, Heading for Strongest Quarter in 38 Years

Gold reached a new all-time high of $3,128.06 per ounce on Monday as investors seek safety amid inflation concerns triggered by upcoming U.S. tariffs. This puts gold on track for its strongest quarter since 1986, with prices already up about 18% this year.

This surge follows gold’s impressive 27% gain in 2023, powered by favorable monetary policies, strong central bank buying, and growing interest in gold-backed ETFs. Despite indicators showing the market is overbought, gold continues its upward momentum.

Analysts point to growing anxiety about President Trump’s trade policies as the main driver, with reciprocal tariffs coming April 2 and auto tariffs on April 3. Adding to market concerns, Trump has threatened tariffs on Russian oil buyers if peace efforts in Ukraine are blocked. WisdomTree strategist Nitesh Shah predicts gold could reach $3,500 next year, even as physical demand in countries like India slows due to the high prices.

Gold price chart showing why gold is falling today — the price line rises sharply, pierces the $4,100 resistance level, then retreats back below it as the ceiling holds.
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Gold Had Every Reason to Rally Today. It Didn’t. Five Reasons Why.

Gold opened above $4,100 this morning and gave it back within hours. Five forces explain why the rally didn’t hold: the Bank of Japan held rates as the yen hit a 40-year low, the US-Iran pause faded, Q2 GDP missed forecasts, the Fed voted 9-to-3 to hold with three regional presidents pushing to hike, and the gold-silver ratio sits near 70.

Read More »

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Gold price chart showing why gold is falling today — the price line rises sharply, pierces the $4,100 resistance level, then retreats back below it as the ceiling holds.
News

Gold Had Every Reason to Rally Today. It Didn’t. Five Reasons Why.

Gold opened above $4,100 this morning and gave it back within hours. Five forces explain why the rally didn’t hold: the Bank of Japan held rates as the yen hit a 40-year low, the US-Iran pause faded, Q2 GDP missed forecasts, the Fed voted 9-to-3 to hold with three regional presidents pushing to hike, and the gold-silver ratio sits near 70.

Read More »

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