Gold Prices Soar to Record High on Dollar Weakness and Trade Policy Uncertainty

Gold Prices Soar to Record High on Dollar Weakness and Trade Policy Uncertainty. 

**Gold price today:** Gold rates surged to an unprecedented peak in the domestic futures market on April 16, fueled by a falling US dollar and ongoing uncertainty surrounding former US President Donald Trump’s tariff policies.  

**Gold price today:** In early trading on Wednesday, MCX Gold skyrocketed by over ₹1,000 (1%) per 10 grams, reaching an all-time high of **₹94,840**. The rally was driven by a softer dollar and geopolitical concerns, as investors turned to the safe-haven asset amid global economic instability.  

By 10:55 AM, MCX Gold was trading **1.50% higher at ₹94,840 per 10 grams**, reflecting strong bullish sentiment in the market.  

### **Global Gold Prices Also Hit Record Highs**  

Internationally, Comex Gold surged nearly **2% to $3,294.60 per troy ounce**, marking a historic peak. The weakening dollar index, which fell **0.5%**, further supported gold’s upward momentum. Since gold is priced in USD, a weaker greenback makes the precious metal more affordable for foreign buyers, boosting demand.  

### **Why Are Gold Prices Rising?**  

- **Dollar Weakness:** A decline in the US dollar increases gold’s appeal as an alternative investment.  

- **Trade War Fears:** Uncertainty over potential tariff policies under a possible Trump administration has heightened market anxiety.  

- **Safe-Haven Demand:** Economic instability and geopolitical risks continue to drive investors toward gold as a hedge against volatility.  

### **Market Outlook**  

Analysts suggest that gold prices may continue their upward trend if the dollar remains under pressure and global economic uncertainties persist. Investors are closely monitoring US policy developments and central bank actions for further cues.  

With gold hitting record highs, traders and investors are increasing their exposure to the precious metal, anticipating further gains in the coming sessions.  

Stay tuned for more updates on gold price movements and market trends.

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