Gold prices achieved a historic milestone before retreating today, as investors processed congressional testimony from Federal Reserve Chairman Jerome Powell and recent trade policy announcements from President Trump.

Gold prices surged to a new all-time record of $2,938.10 today, driven by mounting concerns over President Trump's expanding tariff policies.

Gold futures continued their impressive run, with the April contract closing at $2,887.60, up $10.90 (0.38%) for the day and $52.60 (1.86%) for the week. This marks an unprecedented sixth consecutive week of gains, dating back to December 30.