Gold Daily | Record High at $3,245 Amid Economic Uncertainty and Weakening Dollar Bolsters Safe-Haven Demand

【Latest Gold Price and Recent Trends】

Recently, international gold prices hit a record high of $3,245.45 per ounce, marking a significant increase. The surge is largely driven by global economic uncertainties, trade tensions, and a weakening dollar, which have bolstered gold's appeal as a safe-haven asset.

【Technical Analysis】

On daily charts, gold prices are temporarily pausing around $3,245, with bullish positioning around trendlines for improved risk-reward ratios. In the 4-hour chart, $3,168 could become a support level for bulls, while bears hope for a break below this level to target a $3,057 retracement. In the 1-hour chart, a small ascending trendline breach could indicate a consolidation or retracement phase, with possible bullish re-entry at $3,168.

【Market Sentiment and Economic Background】

The uncertainty from U.S. tariff policies and the ongoing trade war has driven investors toward safe-haven assets like gold. While Trump's erratic trade policies continue to worry markets, the potential easing of tariffs on electronics has slightly alleviated risk aversion. However, ongoing economic uncertainties, including a possible recession or stagflation, further support gold's demand.

【Analyst Opinions】

Analysts suggest that the current environment remains favorable for gold, although the upward trajectory may face temporary pullbacks. Strategic factors such as de-dollarization and increased central bank reserves in gold create a robust demand framework. High-profile investment banks like Goldman Sachs foresee gold prices rising to $4,000 per ounce by mid-2026, bolstered by geopolitical tensions and economic risks.