Gold futures briefly eclipsed the $3,500 per troy ounce milestone before retreating as a strengthening U.S. dollar and rallying equities markets applied downward pressure on precious metals. The benchmark June futures contract reached an unprecedented intraday peak of 

Gold prices surged to unprecedented heights, breaking through the $3,400 barrier for the first time in history as market turbulence followed renewed criticism of Federal Reserve policy by President Donald Trump.

Gold prices softened Thursday following yesterday's remarkable $110 gain, as traders prepared for the upcoming three-day holiday weekend. Market participants who had been actively trading gold futures sought to square their positions by taking profits and closing out long positions ahead of the extended break.

In a truly historic moment for precious metals markets, gold futures have surpassed the $3,350 mark for the first time ever. This remarkable achievement comes amid a perfect storm of economic factors, with the Trump administration's recent import tariffs and ongoing geopolitical tensions creating unprecedented demand for this safe-haven asset.

Record-Breaking Rally

Gold just posted its strongest weekly performance in five years, blasting through $3,240 an ounce before pulling back – and veteran technical analyst Gary Wagner says this move is unlike anything he’s seen in decades. With volatility rising across stocks, currencies, and bonds, Wagner warns that gold is forming a powerful new base – and the next leg higher may already be underway.

Gold futures retreated slightly today following an extraordinary three-day rally that saw prices surge by 8.34%. The modest pullback represents mere profit-taking after gold's meteoric rise to unprecedented heights.

Gold futures have surged dramatically over the last three trading days, with the most active April contract gaining approximately $254. After rising $101 on Wednesday, $94.40 yesterday, and $60.70 today, the most active June contract is now fixed at $3,254.90.

Unquestionably, China is preparing an offensive strategy to deal with, and respond to the recent tariffs levied on its country by the United States. Gold futures have gained almost $200 in the last two trading days. A price advance of $101.50 yesterday, followed by an additional $94.40 today.

Gold and U.S. equities experienced significant gains today after President Donald Trump announced a temporary suspension of reciprocal tariffs that were scheduled to take effect at midnight yesterday. The precious metal jumped more than 3% as markets responded positively to the unexpected policy shift.

Gold prices showed mixed movement in today's trading session as investors navigate the uncertain waters of escalating global trade tensions. The most active June futures contract reached an intraday high of $3,037.90 before settling at $2,998.30, down marginally by $0.50 or 0.02% as of 5:05 PM ET. A weakening U.S.