Rick rieder says economy in recession now. Blackrock adds gold and prefers cash. GOLD $3300+ Bucks

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GOLD $3300 Bucks

https://www.investing.com/commodities/gold

Gold prices hit an all-time peak on Wednesday as a weaker dollar, escalating trade tensions and concerns over global economic growth increased demand for the safe-haven bullion.

Spot gold rose 1.3% to $3,270.12 an ounce, as of 0319 GMT. It scaled a peak of $3,275.20 per ounce earlier in the session.

U.S. gold futures
gained 1.4% to $3,286.30.

“A confluence of factors such as dollar depreciation and ongoing risk aversion are working in gold’s favor,” said Tim Waterer, chief market analyst at KCM Trade.

https://www.cnbc.com/2025/04/16/safe-haven-gold-hits-record-high-on-weaker-dollar-trade-war-concerns.html

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