Gold hits $3,500 for first time as US dollar sinks to three-year low | Gold

Gold prices have surged above $3,500 an ounce for the first time, driven by investor anxieties following Donald Trump’s harsh criticism of Federal Reserve Chair Jerome Powell. As the US dollar fell to a three-year low amidst ongoing market volatility, analysts speculate gold could reach $4,000 soon, with stocks on Wall Street experiencing significant losses, including a nearly 1,000-point drop in the Dow Jones. Global stock markets followed suit, with many Asian markets declining, while the UK’s FTSE 100 and Spain’s Ibex saw slight gains.