At 16:10 (Lisbon time), the euro reached $3,430.31 per ounce (equivalent to 28.3 grams), marking a rise of nearly 3%.
Throughout the day, the euro had already registered several records, the first of which occurred at 07:06, when it stood at $3,385.85. By 13:36, it had surpassed the $3,400 mark.
The previous record price for gold was reached on Thursday, standing at $3,357.78.
Furthermore, today the euro surpassed $1.15, the highest since November 2021, amid ongoing trade war tensions and criticism of the Federal Reserve Chairman impacting markets.
Since April 2, the trade war has intensified following the U.S. announcement of reciprocal tariffs. However, this tariff policy faced setbacks due to its market impacts and the increased cost of financing U.S. debt.
U.S. President Donald Trump decided, nonetheless, to raise tariffs on China to 245%, to which China responded with retaliatory tariffs.
Beijing subsequently increased its tariffs on the United States to 125%.
Trump has also criticized Federal Reserve Chairman Jerome Powell, whose term ends in May 2026.
“If I want him gone, he’ll be gone very fast. Believe me,” Donald Trump stated last Thursday.
On Monday, Trump had already labeled Powell as “a big loser.”
