{"id":160009,"date":"2025-04-22T12:14:03","date_gmt":"2025-04-22T11:14:03","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/gold-price-rises-above-3500-amid-us-recession-fears"},"modified":"2025-04-22T22:47:57","modified_gmt":"2025-04-22T21:47:57","slug":"gold-price-rises-above-3500-amid-us-recession-fears","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/gold-price-rises-above-3500-amid-us-recession-fears","title":{"rendered":"Gold price rises above $3,500 amid US recession fears"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>Gold rose to $3,500 an ounce for the first time on Tuesday amid United States President Donald Trump\u2019s sustained attack on Federal Reserve Chair Jerome Powell and the tariff war with China.<\/p>\n

The precious metal reached an all-time high of $3,500.10 an ounce before pulling back to $3,467.87.<\/p>\n

Reacting, Rania Gule, senior market analyst at trading group XS.com, in a statement, noted that the rally in gold signals recession fears in the US economy.<\/p>\n

\u201cThe rally reflects ongoing recession fears in the US economy and heightened political tensions, especially as President Donald Trump continues to attack Federal Reserve Chair Jerome Powell.<\/p>\n

\u201cThese attacks have raised concerns about the independence of monetary policy, pushing investors towards gold as a store of value in uncertain times,\u201d Gule said.<\/p>\n

Gold is up more than 30 percent since the start of the year.<\/p>\n

Trump on Monday called Powell a \u201cmajor loser\u201d for not cutting interest rates in a social media post, which suggests the President will seek to fire Powell.<\/p>\n

Similarly, Trump\u2019s tariff policy has sparked a trade war with China, the world\u2019s second-biggest economy after the United States.<\/p>\n

The US dollar tumbled on Tuesday.<\/p>\n

For More News And Analysis About Nigeria<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. Gold rose to $3,500 an ounce for the first time on Tuesday amid United States President Donald Trump\u2019s sustained attack on Federal Reserve Chair Jerome Powell and the tariff war with China. The precious metal reached an all-time high of $3,500.10 an ounce before pulling back to $3,467.87. Reacting, Rania Gule, senior […]<\/p>\n","protected":false},"author":84,"featured_media":160008,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[1749,254,373],"class_list":["post-160009","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-gold","tag-nigeria","tag-us"],"yoast_head":"\nGold price rises above $3,500 amid US recession fears - Nigeria<\/title>\n<meta name=\"description\" content=\"Gold rose to $3,500 an ounce for the first time on Tuesday amid United States President Donald Trump\u2019s sustained attack ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/gold-price-rises-above-3500-amid-us-recession-fears\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold price rises above $3,500 amid US recession fears\" \/>\n<meta property=\"og:description\" content=\"Gold rose to $3,500 an ounce for the first time on Tuesday amid United States President Donald Trump\u2019s sustained attack ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/gold-price-rises-above-3500-amid-us-recession-fears\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-22T11:14:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-22T21:47:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/04\/sm_1745311614.46599.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/gold-price-rises-above-3500-amid-us-recession-fears#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/gold-price-rises-above-3500-amid-us-recession-fears\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Gold price rises above $3,500 amid US recession fears\",\"datePublished\":\"2025-04-22T11:14:03+00:00\",\"dateModified\":\"2025-04-22T21:47:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/gold-price-rises-above-3500-amid-us-recession-fears\"},\"wordCount\":211,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/gold-price-rises-above-3500-amid-us-recession-fears#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/04\/sm_1745311614.46599.jpg\",\"keywords\":[\"Gold\",\"Nigeria\",\"US\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/gold-price-rises-above-3500-amid-us-recession-fears#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/gold-price-rises-above-3500-amid-us-recession-fears\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/gold-price-rises-above-3500-amid-us-recession-fears\",\"name\":\"Gold price rises above $3,500 amid US recession fears - 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