Gold Prices Reach Historic High of $3,400
Gold prices are skyrocketing in the charts on Monday as it touched the historic milestone of $3,400. The XAU/USD index, which tracks the performance of the precious metal shows the commodity surging 70 points. It spiked more than 2% in the day’s trade and is attracting heavy bullish sentiments in the indices.
Also Read: USD Collapse: US Dollar Crashes 10% YTD
The Spot Gold prices have risen close to 30% year-to-date generating stellar returns to investors. Commodity traders who took an entry position this year are all enjoying profits as the metal is heading north. This is the highest the glittery metal has surged in the last four months since 2010.
Also Read: Top 3 Cryptocurrencies to Watch This Week
Gold Prices Hit $3,4000, Could Surge Further Next
The prices of gold surged to a record high of 28% in 2010 but has now beaten it in the first four months of the year. The year 2025 has been extremely bullish for the metal as it’s been heavily brought from all forms of investors. Institutional funds, retail traders, and central banks of developing countries have largely been accumulating gold for three years.
Also Read: Shiba Inu Prediction: AI Sets SHIB Price For April 25, 2025
Just recently, Poland’s central bank purchased 16 tonnes of the glittery metal to diversify its reserves. Even emerging economies like China, Russia, India, Brazil, and South Africa have been accumulating it since 2022. These developments are pushing gold prices higher in 2025 as it’s among the most sought-after metals in the markets. Read here to know why the US dollar is crashing as gold prices rise.
The steady yet unending accumulation of gold could send its prices higher by the end of 2025. Senior Bloomberg strategist Mike McGlone recently predicted that the metal could soon hit the $4,000 mark next. “We’re putting in a pretty good base now around $3,000,” McGlone said. “It’s going to head into $4,000, the question is time. Anything in between there is for the traders, which I used to do.”
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USD Collapse: US Dollar Crashes 10% YTD, Gold Prices Reach Near $3,400
Gold Prices Reach Historic High of $3,400
Gold prices are skyrocketing in the charts on Monday as it touched the historic milestone of $3,400. The XAU/USD index, which tracks the performance of the precious metal shows the commodity surging 70 points. It spiked more than 2% in the day’s trade and is attracting heavy bullish sentiments in the indices.
Also Read: USD Collapse: US Dollar Crashes 10% YTD
The Spot Gold prices have risen close to 30% year-to-date generating stellar returns to investors. Commodity traders who took an entry position this year are all enjoying profits as the metal is heading north. This is the highest the glittery metal has surged in the last four months since 2010.
Also Read: Top 3 Cryptocurrencies to Watch This Week
Gold Prices Hit $3,4000, Could Surge Further Next
The prices of gold surged to a record high of 28% in 2010 but has now beaten it in the first four months of the year. The year 2025 has been extremely bullish for the metal as it’s been heavily brought from all forms of investors. Institutional funds, retail traders, and central banks of developing countries have largely been accumulating gold for three years.
Also Read: Shiba Inu Prediction: AI Sets SHIB Price For April 25, 2025
Just recently, Poland’s central bank purchased 16 tonnes of the glittery metal to diversify its reserves. Even emerging economies like China, Russia, India, Brazil, and South Africa have been accumulating it since 2022. These developments are pushing gold prices higher in 2025 as it’s among the most sought-after metals in the markets. Read here to know why the US dollar is crashing as gold prices rise.
The steady yet unending accumulation of gold could send its prices higher by the end of 2025. Senior Bloomberg strategist Mike McGlone recently predicted that the metal could soon hit the $4,000 mark next. “We’re putting in a pretty good base now around $3,000,” McGlone said. “It’s going to head into $4,000, the question is time. Anything in between there is for the traders, which I used to do.”
Read More