Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Rebecca Patterson, Former Bridgewater chief investment strategist, joins 'Closing Bell Overtime' to talk gold hitting record highs, the impact of tariffs, where the markets are headed and more.
Treasury (^TYX, ^TNX, ^FVX) bills, or T-Bills, and gold (GC=F) are typically seen as "safe-haven assets," or reliable investments, which are especially attractive in times of economic turbulence. Bloomberg Intelligence senior commodity strategist Mike McGlone joins the discussion with Wealth anchor Brad Smith to break down safe-haven assets and their role in a volatile market.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Gold's climb to an all-time high above $3,000 an ounce this week certainly turned heads, but the value of the precious metal is still around 16% below its real record high from 1980.
New Gold is poised for growth after turning a corner at its Rainy River operations, President and CEO Patrick Godin said at the 2025 BMO Global Metals, Mining & Critical Minerals Conference in Hollywood, Florida.
Gold climbed to $3,000 on Thursday, and Nigam Arora says there's a 65% chance the metal will move higher short-term. He remains bullish on the commodity but warns its overbought conditions could signal a brief pullback.
Gold prices surpassed the $3,000 an ounce threshold for the first time in history on March 14 as investors moved into the safe-haven asset amid mounting uncertainty over the economy.
Panicked investors pushed the price per troy ounce to more than $3,000 on Friday.
Gold prices have surpassed $3,000 an ounce for the first time, driven by central bank buying, economic fragility, and President Trump's trade policies. The rally has been fueled by investors seeking a store of value in turbulent times, with central banks buying bullion to diversify away from the dollar and China's economic worries.
Gold prices surged past $3,000 per ounce in a historic milestone during today's trading session. “Gold prices recorded a historic milestone during today's trading session by briefly touching $3,000 per ounce, consolidating its role as a safe-haven asset amid a global scenario marked by intense trade tensions and expectations of relative changes in US monetary policy,” said Quasar Elizundia, expert research strategist at Pepperstone.
Gold futures climbed above $3,000 an ounce for the first time as anxiety about escalating trade wars and U.S. economic growth pushed investors into traditional safe havens.