Spot Gold Hits Record High of $3,470 After Breaking Multiple Resistance Levels
Flash
April 22, 2025 11:37 AM
In Brief:
Gold surged nearly $50 intraday, reaching a new all-time high of $3,470/oz.
The rally occurred during Tuesday’s Asian trading session amid rising demand.
Spot gold reached a new historical peak of $3,470 per ounce on April 22, following a strong breakout during the Asian trading session. The price rose by nearly $50 intraday, breaking through several key resistance levels.
The surge reflects increasing demand for safe-haven assets amid ongoing global economic uncertainty and rising geopolitical tensions. Investors have been shifting capital into gold as a hedge against market volatility and inflation risks.
This new high continues gold’s upward momentum in 2025, supported by strong institutional interest and weakening confidence in fiat currencies in various regions.
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