In a week marked by contrasting price action, gold futures in the April contract closed modestly higher, gaining $7.60 to reach $2,893.70 per troy ounce. However, Friday's session revealed significant bearish sentiment as prices plummeted $63.50 from the day's opening of $2,957.30, after touching an intraday high of $2,964.10.

Gold surged to a new all-time record high today, with the most active April contract currently fixed at $2958.40, or 1.02% after factoring in net gain of $29.70. Dollar weakness was by far the largest contributor to gains in gold. The dollar index is currently fixed at 106.95, after factoring in today’s decline of 0.84%.

Gold prices pulled back for a second consecutive day following Tuesday's historic peak, as investors digested higher-than-expected inflation data and Federal Reserve Chairman Jerome Powell's congressional testimony reinforcing a cautious approach to rate cuts.

Gold prices achieved a historic milestone before retreating today, as investors processed congressional testimony from Federal Reserve Chairman Jerome Powell and recent trade policy announcements from President Trump. The precious metal's most active April contract reached an unprecedented $2,968.50 before experiencing a sustained decline.

Gold prices surged to a new all-time record of $2,938.10 today, driven by mounting concerns over President Trump's expanding tariff policies. As of 3:15 PM EST, the most active April futures contract settled at $2,934.30, representing a gain of $48.80 (1.69%).

Gold futures continued their impressive run, with the April contract closing at $2,887.60, up $10.90 (0.38%) for the day and $52.60 (1.86%) for the week. This marks an unprecedented sixth consecutive week of gains, dating back to December 30. During this period, gold has accumulated a remarkable gain of $229.70, establishing the strongest six-week performance since April 2024.

Gold prices made history yesterday, when for a brief moment the most active April futures contract traded above the key psychological level of $2900 per troy ounce. As we saw in yesterday’s price action, gold at that price was unsustainable in that it attracted some traders and investors to quickly pull profits.

Gold prices reached unprecedented heights today as the April futures contract breached $2,900 per troy ounce for the first time in history, marking the third consecutive trading session of record-breaking prices. While the precious metal briefly touched levels above $2,900, it settled at $2,883.50 by 4:40 PM EST, posting a modest gain of $7.70 or 0.27%.

Gold reached another historic peak in trading today, with April futures settling at $2,873.70, representing a gain of $23 (0.81%). This marks the second consecutive day that gold has surpassed its previous record set on Wednesday, October 30, 2024.

Precious metals markets experienced significant volatility this week, with gold prices demonstrating remarkable resilience and ultimately reaching a new all-time record high. After an initial decline of 1.15% in early trading, gold quickly rebounded and closed with substantial gains in New York.