Gold surges past the $3500 mark! Trump sharply criticizes The Federal Reserve (FED) Chairman, triggering a rush to safety, with posts mentioning "gold" sparking heated discussions.

Influenced by the severe criticism from U.S. President Trump against The Federal Reserve (FED) Chairman Jerome Powell, the investment market has become tense, and funds have quickly shifted towards safe-haven assets. As a result, gold prices surged on Tuesday, reaching a historic high of $3,500 for the first time, becoming the focus of market attention.

Gold breaks through historical highs, and the market shifts to a risk-off mode.

According to the quotation, spot gold is priced at $3,469 per ounce, up 4%, having earlier reached a historical high of $3,500.05. Meanwhile, U.S. gold futures also rose by 2.3%, reaching $3,502.40 per ounce.

KCM Trade's Chief Market Analyst Tim Waterer stated: "Amid the trade tariff turmoil and the tug-of-war between Trump and Powell, investors are shunning U.S. assets and embracing gold, which is undoubtedly a major positive for gold prices."

Trump strikes again: demands the Federal Reserve (FED) to cut interest rates immediately.

On Monday, Trump once again pressured the Federal Reserve (FED), reiterating his stance that interest rates should be cut immediately. He warned that the U.S. economy may face risks of slowing down and criticized Powell for maintaining a wait-and-see approach before inflation and trade tariffs become clear. This series of statements further shook market confidence and intensified concerns about the independence of the Federal Reserve (FED).

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Even a baffling statement from Trump has sparked heated discussions in the market about gold. He stated: The golden rule of negotiation and success is that whoever has the gold makes the rules.

Asian stock markets fluctuate, and the dollar is under pressure.

Trump's remarks not only triggered a surge in gold buying but also caused volatility in Asian stock markets. U.S. assets were quickly sold off, further weakening the dollar's trend. Investors are concerned about the stability of U.S. fiscal and monetary policy, leading to a surge in safe-haven demand.

At the same time, China has poured fuel on the fire, criticizing the United States for abusing tariff measures, and warning other countries not to reach economic agreements with the U.S. at the expense of other countries' interests.

Is gold overbought in the short term? Technical indicators show warning signs.

Despite the bullish market sentiment, analysts also remind investors to remain vigilant. Waterer pointed out: "The gains this month have been astonishing, and a technical pullback in the short term cannot be ruled out. However, in the ongoing uncertainty of the economic outlook, every dip in gold prices may attract a new wave of buying."

From a technical perspective, the relative strength index (RSI) of gold is currently at 79, entering the overbought territory, which suggests that the short-term upward momentum may be weakening.

The market is following the statements of The Federal Reserve (FED) officials, looking for policy direction.

The market's next focus will be on the public speeches of several Federal Reserve officials this week. Investors are eager to find clues to assess the future trend of interest rates and whether the Federal Reserve will change its policies under political pressure.

Silver, platinum, and palladium all rose.

In addition to gold, other precious metals have also generally risen. Spot silver increased by 0.3%, reported at $32.80 per ounce; platinum rose by 1.1% to $972.20; and palladium surged by 2.2% to $948.14.

Hedging sentiment has not retreated, and the gold market has become the main battlefield for bulls.

Since the beginning of this year, gold prices have risen nearly 33%, making it the biggest winner amid global economic uncertainty. The tension between Trump and The Federal Reserve (FED), the resurgence of trade conflicts, and the market's confusion over central bank policies have all contributed to gold's continuous highs. As long as these variables remain, gold is likely to struggle to cool down in the short term.

This article states that gold has soared past the $3500 mark! Trump harshly criticizes the Chairman of The Federal Reserve (FED), triggering a surge in safe-haven demand. The post mentioning "gold" has sparked heated discussions, first appearing in Chain News ABMedia.