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Gold Prices Increase
Gold hit a record high on Monday 21 April 2025. This happened because the dollar is weaker and people are worried about a possible economic downturn from the trade war between the U.S. and other countries.
Current Prices
- Gold increased by almost 1% to $3,380 per ounce.
- The dollar index dropped to its lowest point in three years.
Why is Gold Rising?
Gold has gone up more than 27% this year. Many people buy gold when they are worried about inflation and the economy. Gold is seen as a safe choice.
Other Precious Metals
- Silver rose by 0.1% to $32.63 per ounce.
- Platinum went up by 0.2% to $969.20.
- Palladium fell by 0.3% to $959.20.
Conclusion:
Gold prices are climbing high due to fears about the economy and a weak dollar. People often turn to gold when they want something safe for their money.
