Gold explodes to 3245 dollars as Trump shakes the markets!

In a global context fraught with tension, gold shines brighter than ever. Especially since last month, the yellow metal reached a new ATH at 3059 dollars.

In a global context rife with macroeconomic tension, gold is continuing to smash records, reaching a new peak at 3,245 dollars. Propelled by the decline of the dollar and the rise in bond yields, the precious metal is confirming its role as a safe haven. An analysis of a bullish trend that seems far from over.

Gold Explodes to 3,245 Dollars as Trump Shakes the Markets!

In a world economic context largely destabilized by the war in Ukraine, inflation, and now the return of Donald Trump in the U.S. political scene, the markets are displaying heightened volatility. A situation that has seen gold, the classic safe haven asset, take center stage.

Especially since last month, the yellow metal reached a new ATH at 3,059 dollars. A statement that is quickly put into perspective when looking at the performance of the precious metal last week. Indeed, we observed a progression of 9.76% for gold, which climbed to 3245 dollars, thus setting a new all-time high.

This surge follows the U.S. Treasury yields, which shot up from 4% to 4.5%, while the dollar weakened. A double movement that has seen the market turn in search of havens, with gold being the main beneficiary.

This bullish movement of gold began in 2024, after the resolution of a symmetrical triangle forming a bull pennant. This technical pattern pаved the way for a stunning progression of over 40%. Despite a temporary pullback around 2956 dollars, a key level tested in February 2025, buyers returned in force last Tuesday! Thus marking a low on a bullish doji.

This reversal signal was validated the next day, notably thanks to Donald Trump’s announcement on tariffs. A decision that could disrupt the market balance in the long term.

What technical zones to watch?

In the short term, levels of 3150 dollars and 3200 dollars could serve as supports in case of a pullback. If the correction were to amplify, zones of 3100 dollars, 3050 to 3057 dollars, and even 3000 dollars represent potential rebound points. As long as the support for gold at 2956 dollars remains intact, the bullish momentum stays in place.

The gold market continues to be fueled by a combination of economic and geopolitical concerns, especially if the U.S. government sells part of its stock to create a bitcoin reserve. But in the face of a parabolic trend, patience remains an essential weapon for traders. Waiting for a pullback on a key support can provide a calmer entry… because in a euphoric market, emotions are often the worst advisors.