Gold hits record $3,500 as Trump-Powell worry hits markets

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KARACHI: For the first time, gold increased by $ 3,500 an ounce before following some benefits, causing President Donald Trump Federal Reserve Chair Jerome Powell to start a flight from US stocks, bonds and dollars.

On Tuesday, Billion increased by 2.2 percent, which made the traders briefly touched $ 3,500 shortly before making a profit. Safe shelters such as Yin, Swiss franc, and gold have rallied in recent sessions after repeated calls to reducing Trump’s interest rates, which is considered a threat to the central bank’s independence, which reduced the dollar after 2023.

Gold prices in Pakistan on Tuesday increased by Rs 5,900 per tola, which, while deepening the economic uncertainty and permanent geographical political tension, accelerated the global billion rally and targeted another time.

According to data released by the All Pakistan Surfa Jewelry and Jewelers Association, the price of gold in Pakistan increased by Rs 36363,700, while the 10 grams of gold increased to Rs 311,814. This rapid increase is a significant increase in global gold prices, where metal increased by $ 59 per ounce, which is settled at 45 3,454 per ounce, which is also a historical high.

Continuing gold prices reflect a wider global trend, which is driven by economic instability, rise in global debt levels, central bank gold purchases and ongoing conflicts, which has increased the risk of financial markets.

Billion traders noted that the international market has been strong for several weeks, which is driven by safe living purchases because global powers are closed in economic and geographical political disputes, especially the ongoing trade war between the United States and China.

The implementation of new taxes and revenge measures by the two countries has raised concerns about deep slowdown in global trade.

“Gold is currently the only asset that offers any security sense,” said a senior jeweler in Karachi. “The uncertainty around global currencies, inflation and interest rates is pushing people towards gold, which has historically performed well at the time of the crisis.”

Since January 1, local gold prices have increased dramatically, which has increased from Rs 91,100 per tola, Rs 272,600 to Rs 363,700, which has increased by more than 33 % in less than just four months. Meanwhile, global gold prices have increased by 40840 during the same period.

Analysts also identified increasing demand from central banks, who are aggressively buying gold to diversify the US dollar far away from the US dollar, in the wake of further financial and economic pieces.

Despite the rise in gold, silver prices have not changed in the domestic market. The silver rate was Rs 3,441 per tola, while 10 grams of silver was priced at Rs 2,950.

Market participants estimates that gold prices may remain high or even in the middle of the middle, especially if the geographical political risks remain and the global economy shows more symptoms of delicacy.

Cleanish Index Services analyst Liang Lee reads the Bloomberg report, “This year’s Gold’s fast climb tells me that markets have less confidence in the United States than ever before.” He said, “Trump trade” has become a ‘US’ statement in the statement.

In 2025, Billion increased by one -third as trade tensions surrounded the markets and lifted confidence in the dollar assets, which increased some traditional shelters. According to Bloomberg, the Billion -backed exchange trade funds and the flow of central bank purchases have increased prices every month this year.

The precious metal rally shows that “Goldman Sex Group Ink, the head of the FX globally, Kamkasia Trividi, told Bloomberg TV that the Goldman Sex Group ink, the head of the emerging market strategy, has told Kamkasia Trio about gold, about 4,000, in the mid -4,000 of the Golden Terr. According to Jeffrees, gold can be “the only real safe housing asset” because investors raise questions on US assets, including treasures.

Nevertheless, the current rapid advantage has increased a slightly viewed matrix, which has suggested that the opposition can stop at any time. The 14-day relative of the billionaire is at 78 above level of power index-78 levels, which can identify the highest purchase of an asset.

For immediate delivery, gold traded in London at 10:37 pm at 0.9 % at $ 3,454.88 per ounce, which makes it easier to easily. The Bloomberg Dollar Index was stable, silver declined, while palms and platinums rose.

Billion jumps have eliminated shares of the miners. In Hong Kong, stock at Zeen Mining Group Company, a leading Chinese metal producer, increased by more than 6.0 % in a phase on Tuesday. The Bloomberg report states that more than a quarter this year has been rallied.