Gold Hits New Record as Prices Breach $3,200

Prices could hit $4,000 by the end of this year, an investment expert said.

A worker polishes gold bullion bars at the ABC Refinery in Sydney, Australia, on Aug. 5, 2020. David Gray/AFP via Getty Images

The price of gold continued to shoot up on April 11, surpassing the $3,200 per ounce level as investors remain concerned about the economic consequences of the ongoing tariff conflict.

Spot gold prices hit a record high of $3,244.23 per ounce on early April 11 trade and was trading at roughly $3,240 as of 9:35 a.m. ET, up by about 2 percent for the day. This is the third straight day of strong price gains.