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?
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Geopolitical Risk: The U.S.-China standoff has reignited market volatility.
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Faltering Dollar: A weaker greenback is boosting gold’s appeal.
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Safe-Haven Demand: Investors are pulling away from U.S. assets amid uncertainty.
Technical Highlights
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Bullish breakout from both a falling wedge and a bullish pennant pattern.
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Immediate support levels: $3,360, $3,245, and $3,167.
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Next resistance: $3,400–$3,420 zone.
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