Spot gold continues to set new historical highs, breaking through 3220 USD/ounce

Gate.io News bot news, on April 11, Spot gold continued its pump, rising 1.4% intraday, breaking through $3,220/oz, setting a new historical high.

Analysts point out that the recent rise in gold prices is mainly driven by the following factors:

  • The decline in the US dollar index makes gold more attractive to investors holding other currencies.
  • **As the tariff war between China and the United States escalates, risk aversion in the market heats up, and investors turn to safe-haven assets such as gold. **
  • U.S. March CPI data came in lower than expected, boosting market expectations for a Fed rate cut in June.

In addition, gold-related stocks have also been boosted, with stocks such as Chifeng Gold showing significant rises.

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Last edited on 2025-04-11 03:48:18
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