Gold prices soared to 3480, approaching the 3500 mark

During the Asian trading session, gold prices continued their record-breaking rally. Spot gold broke through several key levels, reaching a new high of $3,480. This indicates that investors are increasingly pouring funds into gold, a traditional safe-haven asset, in the face of heightened risks of a U.S. economic recession and instability in the financial markets, driving gold prices upward. Particularly, the current market's continued lack of confidence in the U.S. dollar has become an important factor driving the rise in gold prices denominated in dollars. Looking ahead, amid increasing uncertainty in the financial markets and Trump's ongoing criticism of Federal Reserve Chairman Powell, gold is likely to remain the preferred asset for investors. Additionally, due to the lack of significant economic data from the U.S., gold prices will be influenced by risk sentiment and news related to tariffs. During the Asian trading session, gold prices continued their record-breaking rally. Spot gold broke through several key levels, reaching a new high of $3,470. This indicates that investors are increasingly pouring funds into gold, a traditional safe-haven asset, in the face of heightened risks of a U.S. economic recession and instability in the financial markets, driving gold prices upward. Particularly, the current market's continued lack of confidence in the U.S. dollar has become an important factor driving the rise in gold prices denominated in dollars. Looking ahead, amid increasing uncertainty in the financial markets and Trump's ongoing criticism of Federal Reserve Chairman Powell, gold is likely to remain the preferred asset for investors. Additionally, due to the lack of significant economic data from the U.S., gold prices will be influenced by risk sentiment and news related to tariffs. During the Asian trading session, gold prices continued their record-breaking rally. Spot gold broke through several key levels, reaching a new high of $3,470. This indicates that investors are increasingly pouring funds into gold, a traditional safe-haven asset, in the face of heightened risks of a U.S. economic recession and instability in the financial markets, driving gold prices upward. Particularly, the current market's continued lack of confidence in the U.S. dollar has become an important factor driving the rise in gold prices denominated in dollars. Looking ahead, amid increasing uncertainty in the financial markets and Trump's ongoing criticism of Federal Reserve Chairman Powell, gold is likely to remain the preferred asset for investors. Additionally, due to the lack of significant economic data from the U.S., gold prices will be influenced by risk sentiment and news related to tariffs