Gold prices are soaring, recently hitting a record high of $3,357.40 per ounce, driven by fears of weaker economic growth, rising inflation, and strong central bank demand. Analysts at Goldman Sachs and other major banks have raised their year-end forecasts, with some predicting prices could reach up to $4,500 if a U.S. recession occurs. The surge reflects gold’s appeal as a safe-haven asset amid escalating tariffs, stock market volatility, and geopolitical uncertainty.
Gold hits new high following Fed chair’s stark tariffs warning
Apr 17, 2025
Article from Business Insider by Nora Redmond
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