Introduction
On April 22, 2025, spot gold surged to a new all-time high, breaking the $3,480/oz level and continuing its impressive rally. Gold prices gained nearly $60 within the day, rising 1.63%, as global economic uncertainty pushed investors toward safe-haven assets.
Spot Gold Breaks $3,480
Gold has been on a relentless upward trend in April, driven by rising geopolitical tensions, market volatility, and declining confidence in fiat currencies.
- New high: $3,480/oz
- Daily gain: +$60
- Percentage increase: +1.63%
Shanghai Futures Also Hit Record High
The bullish momentum isn’t limited to Western markets. On the Shanghai Futures Exchange, the main gold futures contract also surged past ¥830/gram, marking a 4% daily gain and the 12th consecutive day of increases—yet another historic peak.
This signals:
- Strong domestic demand in China
- Investors seeking inflation hedges amidst weakening yuan
- Institutional accumulation of gold amid global market risk-off sentiment
Why Gold Is Rallying
Several macroeconomic drivers are fueling this gold surge:
- U.S. dollar weakness: DXY index dropped below 98, a 16-month low
- U.S. stock market turmoil: Major indices posted steep losses, increasing risk aversion
- Central bank tensions: Political pressure on the Federal Reserve raises fears of policy instability
- Global inflation concerns: Investors flock to gold as a long-term store of value
Conclusion
Gold’s breakout to $3,480/oz marks a critical turning point in the global financial landscape. As traditional markets stumble and fiat currencies face increasing skepticism, gold is reclaiming its throne as the world’s most trusted safe-haven asset.
With Shanghai futures also smashing records, gold’s bullish momentum appears far from over.
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