Breaking News
July 23, 2025 - Marcus Rashford Completes Season-Long Loan Move to Barcelona from Manchester United July 23, 2025 - Barcelona Signs Marcus Rashford on Season-Long Loan from Manchester United July 23, 2025 - Vinícius Júnior Creates 'Vini World' Theme Park for 25th Birthday Bash July 23, 2025 - Fabregas on Messi's Potential Move to Como: 'Never Say Never' July 23, 2025 - Brighton's Evan Ferguson Joins AS Roma on Loan July 23, 2025 - Juventus and Bayer Leverkusen Interested in Chelsea's Raheem Sterling July 23, 2025 - England's Greenwood Speechless After Epic Euro 2025 Semifinal Win July 23, 2025 - Liverpool and Spurs Enter Race for Rodrygo Amid Transfer Rumors July 23, 2025 - Manchester United's U.S. Preseason: Amorim's Goals and Players to Watch July 23, 2025 - Arsenal Nearing €73m Deal for Sporting CP Striker Viktor Gyökeres
  • HotRecentNews.com
  • World
  • Politics
  • Sports
  • Entertainment
  • Science
  • Technology
  • Health
HotRecentNews.com
Menu
  • World

  • Politics

  • Sports

  • Entertainment

  • Science

  • Technology

  • Health

Home / World / Gold Price Hits Record High Amid Dollar Decline and Trump's Attack on Fed Chief Jerome Powell

Gold Price Hits Record High Amid Dollar Decline and Trump's Attack on Fed Chief Jerome Powell

Gold Price Hits Record High Amid Dollar Decline and Trump's Attack on Fed Chief Jerome Powell
No Comments 9
Facebook X
World April 21, 2025 15:56

amsterdam - The price of gold surges as the US dollar weakens, following President Trump's call for the resignation of Federal Reserve chairman Jerome Powell.

Gold Price Hits Record High Amid Dollar Decline

Gold prices have reached a historic high in response to the weakening of the US dollar, triggered by President Trump's demand for the resignation of Federal Reserve chairman, Jerome Powell.

Market Reaction

Investors are turning to safe havens as the US dollar hits its lowest point since late 2023.

Potential Consequences

President Austan Goolsbee of the Fed Bank of Chicago criticized attempts to undermine the independence of the US monetary authority.

Analysts warn of significant consequences if Powell is forced to step down, citing concerns over the independence and politicization of US monetary policy.

Positive Outlook for Gold

Gold's rally this year, coupled with increased central bank purchases, has boosted optimism among investment banks like Goldman Sachs.

Daan Struyven from Goldman Sachs predicts a continued rise in gold prices, attributing it to central banks' waning trust in the West and ongoing trade conflicts.

Struyven forecasts gold prices to climb to $3700 by the end of the year and anticipates further increases in 2026.

NEW TikTok Removes #SkinnyTok Worldwide After Pressure from Brussels and Paris
US Increases Pressure on Iran and Deploys Second Aircraft Carrier to the Gulf Region

Leave a comment Cancel

reload

Trending Now

  • Today
  • Yesterday
  • Month
  • Comments
  • 1

    MLS All-Stars vs. Liga MX All-Stars: Live Coverage and Match Updates on ESPN

    July 24, 2025
  • 2

    A-League Transfers: Al Hassan Toure Joins Sydney FC, Chris Long to Brisbane Roar

    July 24, 2025
  • 1

    Chelsea Sends USMNT Prospect Caleb Wiley on Loan to Watford

    July 23, 2025
  • 2

    Chelsea Eyes Ajax Defender Jorrel Hato for Squad Strengthening

    July 23, 2025
  • 3

    The Risk of Designated Players in MLS: Buyer Beware

    July 23, 2025
  • 4

    Manchester United Facing Striker Dilemma Ahead of New Season

    July 23, 2025
  • 5

    Liverpool Completes Signing of Hugo Ekitike from Eintracht Frankfurt

    July 23, 2025
  • 1

    Sunderland Interested in Sassuolo Winger Armand Laurienté

    June 24, 2025
  • 2

    Rodri's Return Boosts Man City's Hopes at Club World Cup

    June 25, 2025
  • 3

    Club World Cup Group Stage Review: Highlights, Predictions, Top Performances

    June 27, 2025
  • 4

    Chelsea Agrees €65 Million Deal to Sign Jamie Gittens from Borussia Dortmund

    June 28, 2025
  • 5

    Atlético Madrid Open to Rodrigo De Paul Exit Amid Miami Interest

    July 7, 2025
Hot Recent News
The HOTRECENTNEWS.com is not responsible for the content of external sites.

SEARCH

  • World News

Back to Top