PANews reported on April 21 that US President Trump said on the social platform, "The golden rule of negotiation and success: He who owns the gold makes the rules." In addition, he also said, "Businessmen who criticize tariffs are not good at business, but what they are really bad at is politics. They don't understand or realize that I am the best friend of American capitalism ever!"

Subsequently, spot gold broke through $3,350 per ounce in early trading, approaching its all-time high and rising 0.65% on the day.