Gold prices surged to $3,350 as escalating US-China trade tensions, rare earth supply concerns, and a strong technical breakout signal a continuation of the long-term bullish supercycle.
Gold has surged past the $3,200 mark amid escalating trade tensions and renewed global inflation fears, triggered by former President Trump’s aggressive 145% tariff hike on Chinese imports.
Silver has broken out of long-term resistance, forming an ascending channel that signals continued bullish momentum. The price is currently around $33.82, with a potential target of $38.