Gold Breaks Record Highs at $3,397 Amid U.S.-China Trade Tensions and Faltering Dollar

Gold prices skyrocketed to an all-time high of $3,397 on Monday, as growing U.S.-China trade tensions and a weakening U.S. dollar pushed investors toward the safety of bullion. With markets rattled by President Trump’s aggressive tariff stance and China warning against broader deals with the U.S., fears of a global slowdown are intensifying.

What’s Driving the Surge?

• Geopolitical Risk: The U.S.-China standoff has reignited market volatility.

• Faltering Dollar: A weaker greenback is boosting gold’s appeal.

• Safe-Haven Demand: Investors are pulling away from U.S. assets amid uncertainty.

 Technical Highlights

• Bullish breakout from both a falling wedge and a bullish pennant pattern.

• Immediate support levels: $3,360, $3,245, and $3,167.

• Next resistance: $3,400–$3,420 zone.