In Just Four Months, Gold Gains $700 as Investors Seek Economic Shelter

Gold hit a record high of $3,400 per ounce on Monday, rising 2% amid dollar weakness and global economic concerns.

The precious metal has gained over $700 since the start of 2025, driven by U.S.-China trade tensions, Trump’s criticism of Fed Chair Powell, and growing questions about the dollar’s reserve currency status.

A growing number of analysts project gold could reach $3,500 in the coming months.