Gold Prices Hit Record High Again in Global Market
- Update Time : 04:02:59 am, Monday, 21 April 2025
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Ongoing trade tensions between the United States and China, combined with the decline in the value of the dollar, have caused gold prices to hit record highs in the global market. According to a Reuters report on Monday, April 21, the price of gold in the spot market rose by 1.7% to $3,383.87 per ounce, with an earlier peak of $3,384. In the futures market, gold traded at $3,396.10 per ounce, up 2% from previous rates. Analysts suggest that trade uncertainties and the weakening of the dollar are pushing investors toward safe-haven assets like gold.
IG Markets strategist Yap Jun Rong noted that the market is currently evaluating geopolitical risks related to U.S. tariff tensions and recession concerns, alongside central banks’ sustained demand for gold, which has contributed to price increases. He also mentioned that gold’s next milestone could be $3,500, but in the short term, there is some market pressure, and technical indicators suggest prices may have risen too quickly.
Meanwhile, in the domestic market, gold is also being sold at record prices. In Bangladesh, 22-carat gold is priced at BDT 167,833 per tola (11.664 grams), while 21-carat gold is sold for BDT 160,205, 18-carat gold for BDT 137,309, and traditional gold for BDT 113,491 per tola.
