On Wednesday, April 10th, gold prices hit an unprecedented record, reaching $3,090 per ounce for the first time. This remarkable increase came as trade tensions between the United States, China, and the European Union escalated, with President Trump imposing new tariffs and China and the EU retaliating with their own measures.
On Wednesday, April 10th, gold prices reached a new record high, rising by 3.56% to $3,090 per ounce. This surge came as trade tensions between the United States and China intensified, with President Trump imposing new tariffs on Chinese goods, further escalating the tariff war. In response, China and the European Union also imposed retaliatory tariffs on U.S. exports, increasing global market concerns.
Alongside gold’s rise, silver also followed a similar upward trajectory, gaining 2.08% to reach $30.44 per ounce. Investors, driven by the intensifying trade tensions and growing global risks, flocked to safe-haven assets such as precious metals and Treasury bonds. This shift represents a significant change in market behavior towards lower-risk assets amid economic instability.
Economic analysts believe that a new support level may have emerged for the markets, but general instability in financial markets persists. Notably, China’s President Xi Jinping has shown no signs of backing down from the U.S. actions. China has also announced that, starting from April 10th, it will raise tariffs on U.S. imports by up to 84%, labeling the U.S. actions as “unilateral and economic bullying.”
While gold prices reached their historical peak of $3,167 per ounce on April 2, 2025, this growth reflects the continued upward trend in gold, which has persisted throughout 2025. Although the current growth rate is lower than in some historical periods, analysts believe the current situation mirrors the economic crises of the 1970s, when gold prices surged by more than 300% in less than two years.
Since the beginning of 2025, gold has experienced a 17.65% increase, following a 27% rise in 2024. Factors such as heavy purchases by central banks, geopolitical tensions, and global economic instability have contributed to this growth, and analysts predict that this trend may continue, leading to further increases in gold prices.
Conclusion:
Given the current conditions and the intensifying trade tensions between the United States, China, and the European Union, it seems likely that gold prices will continue their upward trend. Heavy purchases by central banks and global concerns over economic instability may continue to act as key drivers for gold price growth. In such an environment, gold remains a sought-after safe-haven asset for investors.
