Gold prices surge dramatically as market volatility increases. Recently, XAU/USD reached unprecedented heights driven by President Trump’s renewed criticisms of Federal Reserve Chair Jerome Powell. FX analysts Frances Cheung and Christopher Wong from OCBC observe that the current political climate stirs investor uncertainty, prompting many to flock towards safe-haven assets like gold. This trend highlights gold’s resilience and allure during economically turbulent times. As the market adjusts to Trump’s rhetoric, further fluctuations in gold prices are likely on the horizon.