Gold hit a fresh record high on Thursday, with spot gold crossing $3,000 per ounce, up 1.8%. It has surged 13% in 2025, outperforming all major asset classes.
Gold price breaks $3,000 as investors seek a safe haven amid market turmoil. Can central bank demand and Fed policy sustain the rally?
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.
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.
The gold market continues to see a lot of volatility, but at this point in time, we are arguing with the $3000 level.
Gold prices have passed $3,000 as President Donald Trump's tariffs against major trade partners trigger deep uncertainty in financial markets. Investors are worried about elevated inflation and a possible recession.
With the S&P 500 entering correction territory, strength from the semiconductors could show that investors are ready to buy the dip on the overall market. Kevin Green previews the Friday session, with 5,640 the level to the upside and 5,450 to the downside the key levels to watch in the S&P 500 ahead of the March Consumer Sentiment report.
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.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Gold extended its rally on Friday, surging past the $3,000 mark in early trading, driven by escalating trade tensions, economic uncertainty, and expectations of a Federal Reserve rate cut.
The so-called bond king has been a gold bull for a while, and he says the yellow metal will get to $4,000.