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Gold has officially shattered yet another record, surging past $3,500 an ounce in a dramatic rally fueled by a trifecta of geopolitical anxiety, economic policy uncertainty, and an emboldened White House calling out the Federal Reserve.
As of Tuesday morning, spot gold hit a fresh all-time high of $3,500.05, before easing slightly to trade around $3,425.91. U.S. gold futures held firm at $3,438.40.
The move follows a powerful 3% surge on Monday, and marks the third consecutive session of record highs for the precious metal.
A President Who Won’t Be Silent
At the heart of the rally is renewed pressure from President Donald Trump, who on Monday once again demanded immediate rate cuts from the Federal Reserve, warning that inaction could send the economy into a tailspin.
The President’s economic team also reignited speculation about the possible removal of Fed Chair Jerome Powell—a move that would send shockwaves through the central bank and financial markets.
White House advisor Kevin Hassett confirmed that “all options remain on the table” regarding Powell’s leadership, sparking fresh concerns over the Fed’s independence and long-term credibility.
While mainstream economists continue to defend Powell’s cautious approach, everyday Americans and conservative analysts increasingly view the central bank as an unelected body stifling real economic growth.
Trump’s pushback has only amplified calls from the right to rein in the Fed and restore pro-growth monetary policy.
Related: How to Protect Your Savings with Physical Gold
Dollar Weakness and Safe-Haven Demand
At the same time, the U.S. dollar has taken a beating, falling to its lowest level in over three years against a basket of global currencies. A weaker dollar naturally boosts gold, making it more attractive for foreign buyers and dollar-weary savers alike.
Add in rising inflation, persistent economic uncertainty, and central banks around the world stockpiling gold reserves—and you have the perfect storm driving prices to new highs.
Related: How to Diversify Your Portfolio with Precious Metals
U.S.-China Trade Standoff Returns
Making matters worse—or better, depending on your perspective—is the return of U.S.-China trade tensions. The Chinese Communist Party has issued aggressive warnings to countries engaging in U.S.-led trade deals that marginalize Beijing. The CCP also accused the U.S. of leveraging “tariffs and sanctions as weapons” to pressure allies and adversaries alike.
President Trump has made no apologies for playing hardball. His administration has made it clear that America will defend its manufacturing base, challenge unfair practices, and prioritize economic sovereignty—even if it means upsetting global markets.
The Gold Rush Continues
With uncertainty swirling around the Fed, trade policy, and global currencies, Americans are turning to gold not just as an investment—but as a defensive strategy.
This isn’t just a hedge against inflation anymore. It's a referendum on confidence in U.S. institutions.
Trump’s critics may cry foul over his combative tone and unconventional tactics, but the markets are speaking loud and clear.
When the most powerful nation in the world teeters between political standoffs and economic resets, gold becomes the anchor.
In other metals markets:
Silver jumped 0.8% to $32.79 an ounce.
Platinum gained 1% to $976.10.
Final Thoughts
As gold continues its record-breaking ascent, the question for retirement savers is simple: What are you doing to protect your portfolio?
Whether it’s inflation, geopolitical chaos, or uncertainty at the Fed, the message is clear: Hard assets matter again.
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