Reuters: Gold's record run gains further traction; market conquers $3,500/oz

Gold's remarkable run higher is reaching new heights, with the market touching $3,500 per ounce as confidence in the U.S. economy further erodes after President Donald Trump's renewed attack on the Federal Reserve chair.

Spot gold
GOLD
was trading around $3,428 per ounce by 1417 GMT, after hitting a record $3,500.05 earlier in the session.

Trump said on Monday the U.S. economy could slow down unless interest rates are lowered immediately, repeating his criticism of Fed Chair Jerome Powell as being slow to act and calling him a "major loser".

https://www.tradingref.com/news/reuters.com,2025:newsml_L4N3R00EA:0-gold-s-record-run-gains-further-traction-market-conquers-3-500-oz/