Gold Crosses $3,300 an Oz

Gold has now crossed $3,300 an Oz, as the best 'safe haven" asset in backdrop of quickly weakening global economy.

Gold is now raising even more faster, as the global Central Banks cut interest rates due to fear of recession, trade wars and geopolitics.

Central Bankers are panicking. 

The US Dollar has crashed, with DXY at 99.09 and fallen from 110.1, and 10% crash from just two and half months ago.  This means the US Dollar has lost 10% of its purchasing power in just 90 days. This even when short term interest rates are at 3.75%-4.0%. When the short term interest rates go down below 1.0% which is highly likely within next 12 months due to darkening economic backdrop in US. 

This would crash the value of DXY even further to as low as 80.0. That is good for both Gold and US exporters (Boeing, Starbucks etc.), but inflationary to US consumers (bad for Walmart, Amazon etc.). 

Gold At $3,200 an Ounce

Gold has formed a new base, at $3,200 an Oz. 

Chaotic rollouts and withdrawals of Tariffs by the US Admin, have made the markets chaotic and the already over valued stock and bond markets in the US, are now completly controlled by the President - this is very dangerous as the financial markets in the US are no longer independent or free markets - and are totally dependent on the government's, especially Presidential decisions. 

This is the reason the US dollar is collapsing, having declined 10% in value within 3 months. 

While this could actually be the plan by the US government to devalue the Dollar, to bring back jobs to US, and raise American Exports (like Boeing Airplanes, Hollywood Movies, or even Starbucks Coffee) all of which would  benefit from a weakened or falling Dollar.

This very same reason, is good for Gold as well - Gold would benefit from a falling or weakened Dollar, and therefore Gold prices would now go up even much higher.

Gold Proves It's Resiliance

After the famous US 'Liberation Day'  Tariff Annoucements, on 2nd April, 2025 -

• Global stock markets have been pummelled by double digit crashes within 3 days
• $10 Trillion Dollars lost in global stock markets, with $6 Trillion Dollar lost in US alone, within 2-3 days 
• For first time in history, we are seeing Multi-Trillion dollar daily losses in stock markets 
• Globally and in US, all key indices have entered bear market territory with a few days
• Though the markets are slightly recovering by Tue, 8th April - this is more like a bear market bounce and not really a new bull market - Bear markets can have huge head fake rallies, compared to bull markets, so one needs to be careful.
• Crypto Currencies have also taken a huge hit 

Even in this scenario, Gold is holding high with only ultra-small minor corrections, and holding the neck high above $3,000 per Oz.

This proves the resiliance of Gold.

For the first time after 1971, Gold has become 'Flight to Safety' or 'Safe Haven' when everything else is falling like Gold historically was during the Gold Standard era before 1970.