Gold prices have been a topic of discussion at every table with investors and enthusiasts recently as some experts predict a sudden drop in the prices soon as a result of the chaotic stock market situation. However, as we wait for this exciting investment opportunity, let’s check out the prices of 22K and 24K gold in the USA.
Current Gold Prices In USA
As of April 14, 2025, the current gold prices as per reports are:
- 24K Gold Price per Ounce: $3,223.12
- 22K Gold Price per Ounce: approximately $2,959.10 (based on the current 24K price)
Recent Gold Price Movement
- Monday saw a record high fall in the gold prices, dropping to a low of $3,193 following the US open.
- Improved market sentiment is believed to have contributed to the decline, driven by tariff exemptions on tech products from China.
- Goldman Sachs increased its forecast for gold prices by the end of 2025 to $3,700 per ounce, up from $3,300.
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Factors That Might Have Affected The Gold Prices
The price of gold is being influenced by a trio of key factors: a boost in market confidence, thanks to anticipated tariff exemptions and optimistic economic remarks, growing demand from central banks and investors amid recession fears, and a weaker US dollar which makes gold more appealing to international buyers.
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The price movements suggest a shift in momentum which may be underway, with the Relative Strength Index (RSI) dipping below the overbought threshold. Crucially, support at $3195 remains intact, setting the stage for a possible push towards new highs, with the $3250 mark firmly in focus, suggest reports.
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