On a fine spring day, April 21, 2025, gold performed a dazzling dance and decided to break its own recordānot once, but for the third time this very month! This sneaky little metal flirted with the magic $3,400 per troy ounce mark, making investors do the happy dance. Why, you ask? Well, aside from the usual chaotic brouhaha of economic tantrums stirred up by the U.S. trade war, gold has its own reasons to keep shining brighter.
Gold, that shiny chunk of bling, loves to play the role of the trusty shield against inflationās nasty bite. But hereās a twist: on the same day gold was throwing its party at a record high, Mr. Donald Trump took to Truth Social to boldly declare thereās āvirtually no inflationā and food plus energy prices are dropping like mischievous cartoon anvils. The plot thickens!
š„President Trump renews push for lower interest rates.
“With Energy Costs way down, food prices (including Bidenās egg disaster!) substantially lower, and most other āthingsā trending down, there is virtually No Inflation. With these costs trending so nicely downward, just whatā¦”
ā Off The Press (@OffThePress1) April 21, 2025
The twisted tale of politics and money
Trumpās glittering list of economic goodies in that Truth Social post? Not exactly a humble brag about a healthy economy. Nah! Itās more a ploy to say “Powell, my friend, youāre being way too picky about cutting interest rates.” See, Trumpās grand tariff plan depends on those rates dropping like a hot potato. But Jerome Powell, the grumpy Fed Chair, just strolled in with his poker face, refusing to play ball amidst a whirlpool of trade wars and tariff “will they, wonāt they” drama.
Investors are as puzzled as a cat at a dog show. Is this just a bluff, or the real deal? Nobody knows! So instead of bringing manufacturing back home with a triumphant fanfare, businesses are sitting tight, sipping their tea, and waiting to see what happens.
Powell and his Fed buddies say they’ve tamed inflation like a lion and plan to keep it tameāno cutting rates just yet. Theyāre like cautious cooks waiting for the stew to thicken before tweaking the recipe. Meanwhile, Trump craves a splash of market liquidity and a softer dollar to make everything look better.
And guess what? The dollar decided to get weaker on its own, without inflation sneezing loudly! Headlines on April 21 screamed as gold donned its crown, while the dollar and stocks took a nosedive, and Bitcoin decided to moonwalk back up from $84,000 to over $88,000 faster than you can say ācryptocurrency.ā The dollar index slipped to a three-year low, and the tech stocks got a rude alarm clock.
Bitcoin is up 4% today.
Gold is up 3.75% today.
The Nasdaq is down 2.5% today.
ā The Wolf Of All Streets (@scottmelker) April 21, 2025
Gold boogied up $71 in a single day, over 2%, nearly hitting a 30% climb since the year’s dawn. The magic resistance level flirted around $3,395.84, while the safety net held strong above $3,000.
Oh, but the drama doesnāt stop! India decided to slap tariffs on China, and China waved its trade stick at countries cozying up to the U.S., stirring the economic pot into a bubbling hot mess of confusion. As worries about recession, dollar doom, and mysterious global calamities swirl, folks flock to gold like moths to a flame. Since gold is limited and doesnāt have those pesky promises attached, itās like the reliable old friend everyone wishes they had in these wobbly times.
Gold and the colossal U.S. debt tango
Financial thinker Timothy Peterson wasnāt caught off guard by goldās April wiggle. On Apr. 17, 2025, he peered into his crystal ball (or rather X) and spilled some shiny predictions.
Gold will continue to climb.
This is one of the most solid models I have. There is still a gap between the market price of gold and the level of debt in the economy (US). The price of gold should climb to, at a minimum, $3,600. However, the timing of this, as you can see fromā¦ā Timothy Peterson (@nsquaredvalue) April 12, 2025
According to Petersonās crystal chart, goldās price often lags behind the U.S. national debtās mischievous moves. The debt balloon has been inflating faster than a pufferfishādoubling in just ten years and eclipsing the entire U.S. GDP. In other words, Uncle Sam is living beyond his means, throwing dollar bills like confetti at a never-ending party.
This financial shindig helps gold keep smashing records. It makes perfect sense: as debt grows, investors rush for gold like itās the last golden ticket. While inflation might be playing nice in the U.S. lately, global jitteriness keeps climbing the walls, enticing central banks worldwide to grab gold bars like kids raiding a candy store.
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2025-04-22 19:35