Day: April 22, 2025

US stocks and the dollar plunged on Monday after Donald Trump attacked the US central bank boss Jerome Powell – who he labelled a “major loser” – for failing to cut interest rates.

But markets have settled elsewhere since then.

The price of gold hit a new all-time record high on Tuesday, breaking the $3,500 per ounce mark as investors seek out so-called “safe haven” assets.

Gold is seen as a safe investment during economically turbulent times.

With Donald Trump’s trade war, and recent falls in the stock markets, gold is seeing high prices as more people are interested in keeping their money protected in a solid investment.