https://www.stonex.com/en/thought-leadership/04-29-2025-gold-hovers-near-record-on-trade-fears-and-fed-pressure/
- Gold’s inflation-adjusted 1980 high was finally eclipsed at $3,486, confirming a new record
- Trade-war uncertainty, geopolitical flashpoints and concern over central-bank independence created a crowded rush into safe-haven assets
- Further gains toward $4,000 would stem from escalating global crises rather than healthy fundamentals