Gold Prices Soar Over $3,500 on the Wings of a Weak Dollar

Gold is starting to seem unstoppable, breaking historic numbers day after day. On early Tuesday morning hours, the precious metal broke again its all-time high price, blowing past the $3,500 mark in COMEX, with future contracts reaching $3,506.35 per troy ounce. The hottest commodity of 2025 surpassed the $3,400 limit yesterday, scoring what was at the time another historic rise. This means it managed to increase by over $100 intraday, pushed by fundamental factors, including macroeconomic instability and the ongoing Trump administration’s tariff policy. Also, a weak USD, with the U.S. Dollar Index (DXY) futures falling under 98 points, is playing in gold’s favor, creating a perfect storm for the commodity to keep rising.