Gold hits new high of US$3,500 as Trump’s attack on Fed sparks flight to haven

Quick Summary:

Gold has surged by a third in 2025 as trade tensions roiled markets and eroded trust in US dollar assets.

Flows into bullion-backed exchange-traded funds and central-bank buying have supported the upswing, with prices gaining every month this year.

Bullion’s 14-day relative-strength index – a gauge of the pace and intensity of moves – topped 79, above the level of 70 that can point to an asset being overbought.

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Article Details

Category: EconomyBusiness

Markets: SingaporeHong Kong

Topics: Year Jump Dollar Gold Index Previous Bullion Ounce Cent Gained April

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-22 @ 15:32:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 424 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 28135200

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