Fri, 14 Mar 2025

Fri, 14 Mar 2025 Gold price hits $3,000 as trade tensions mount

Demand for the precious metal has surged amid economic uncertainty over the impact of the global trade war.

* The price of gold has hit $3,004.86 per ounce for the first time.
* Gold prices have risen 14% since the start of 2025.
* Demand for gold is surging amid economic uncertainty caused by a global trade war.
* Investors are turning to gold as a safer asset in times of instability.
* The escalating US-China trade war has unsettled financial markets and raised concerns about price inflation.
* Tariffs imposed on goods have fueled fears of price increases, driving investors to gold.
* Central banks have been buying up gold, with some 1,045 tonnes added to reserves last year.
* Gold prices have "marched inexorably higher" since dipping below $1,200 an ounce in late 2018.
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