According to Reuters, gold price receives support thanks to the safe shelter when US President Donald Trump's tariff plan makes investors worried about trade policies, and the dollar also weakened.
Spot gold price has increased by 0.4% to 3,221.32 USD/ounce at 11:24 on April 15, ET time. Before that, gold reached a record high of US $ 3,245.42 on Monday.
The US future gold contract also increased by 0.4% to US $ 3,238.7.
Jim Wyckoff, a senior analyst at Kitco Metals, said: "The traders are waiting for the next important event that can affect the gold market. Currently, the charts still show the trend of gold price increases. Gold demand as a safe asset remains."
US registration documents on Monday show that it is investigating imported pharmaceutical products and semiconductors to impose taxes.
On Sunday, US President Donald Trump said it would announce the tariff ratio for imported semiconductor items next week.
Gold is considered a safe investment in the period of political and financial instability, increasing more than 23% in 2025 and establishing many record prices.
"The increase in gold price also partly reflects the long -lasting weakness of the dollar, which indicates the gradual decline in the position of the dollar as a safe asset. Gold can become an alternative to many USD investors," Commerzbank said in a note.
"The prospect of short -term monetary policy is supporting gold" - the expert added.
The dollar is trading nearly three years low compared to rivals, making gold more attractive to those holding other currencies.
The financial market expects the US Federal Reserve (Fed) to continue cutting interest rates in June after pausing in January, and reducing the policy interest rate by 100 more basic points this year.
Investors are waiting for statements from the Fed President Jerome Powell, who is expected to speak on Wednesday - to find more clues about the interest rate route.
In other markets, spot price decreased by 0.4% to 32.23 USD/ounce, platinum price increased by 1% to 961.05 USD, while palladium price increased by 0.8% to 963.57 USD.
