Afghanistan, April 22 -- Gold prices surged to a record high of $3,444 per ounce, driven by concerns over economic instability and geopolitical tensions.
Global gold prices surged to $3,444 per ounce, driven by concerns over U.S. President Donald Trump's threats to dismiss Federal Reserve Chairman Jerome Powell. Bloomberg reported on April 22nd that gold saw a 0.6% increase, reaching its highest price.
This rise in gold prices came after a significant drop in the value of the U.S. dollar, which fell to its lowest level since late 2023. The weakening dollar has added further pressure on investors, contributing to a shift toward gold as a safe haven asset.
Gold prices have increased by over 30% since the start of the year, driven by global...