Gold prices are surging to unprecedented heights in 2025, with back-to-back gains suggesting another parabolic price movement could be imminent. The precious metal has shattered multiple records this calendar year, building on an impressive 80% increase since October 2024, translating to a gain of $1,564.10 over just 14 months.

Gold staged a remarkable comeback in Monday's trading, completely erasing last week's losses as investors positioned themselves ahead of the Federal Reserve's highly anticipated interest rate announcement.

Gold concluded the week with minimal activity, as the most active June futures contract settled at $3,247.40, down a mere $0.90 or 0.03% on Friday. This subdued performance follows three consecutive days of notable declines after Monday's $24 gain. The precious metal retreated $27.20 on Tuesday, $28.40 on Wednesday, and $50.90 on Thursday.

As of 6 PM ET, gold's most active June futures contract fell $50.90 to $3,248.30. This week's decline of $81.90 (2.46%) from Monday's opening of $3,336.50 marks the third consecutive day of losses, coinciding with reports that the U.S. economy contracted in Q1 2025.

00:00 Introduction 

00:55 Gold's Recent Performance and Technical Analysis

01:33 Dollar's Impact on Gold Prices

Gold futures have maintained a position above the key $3,300 support level despite recent price consolidation. After reaching a record high of $3,509.90 on April 22, the June futures contract has established a narrowing trading range over five consecutive trading sessions.

Gold prices continue to demonstrate robust technical support above the $3,300 per ounce threshold, with traders remaining responsive to developments in U.S.-China trade relations. The market is characterized by strategic bargain-hunting and cautious sentiment as participants anticipate the release of several significant economic indicators later this week.

Gold's record-breaking ascent appears to have paused, though it still managed to create several historical milestones. On Monday, the most active June futures contract closed at an all-time high of $3,435.10. Tuesday saw June gold reach an unprecedented intraday peak of $3,509.90. For the week, however, June gold experienced a fractional decline of $11.10 (-0.33%), settling at $3,330.20.

Gold's record-breaking ascent appears unstoppable, with prices consistently surpassing historical price heights. The most active June futures contract recently reached a remarkable milestone, exceeding $3,500 per troy ounce as it traded to an intra-day high of $3,509.90 on Tuesday, April 22.

Gold futures briefly eclipsed the $3,500 per troy ounce yesterday before retreating as traders sold into the recent historical milestone taking gold lower, as well as a strengthening U.S. dollar. In addition, strong equities markets applied downward pressure on gold prices.