Gold prices surge to a record at the start of the week in Asian markets, exceeding $3,390 per ounce, as the U.S. dollar weakens amid mounting concerns over President Donald Trump’s aggressive tariff policies and his escalating conflict with the Federal Reserve.
As of 7:00 a.m. GMT on Monday, the price of gold stood at $3,392.84 per ounce, marking a near 2% daily gain. Having started the year at $2,658, gold has repeatedly broken record highs recently, posting an increase of approximately 30%—or $734—in just over four months. The sharp rise is largely attributed to heightened global uncertainty driven by the Trump tariffs.
The candlestick chart illustrates year-to-date gold price movements, reaching a record $3,394.67 per ounce on April 21, 2025. (Chart via tradingview.com)
The dollar weakened against major peers in currency markets, with the euro among the…
