Gold has reached a new all-time high, surpassing $3,000 per ounce, driven by rising geopolitical tensions, fears of a trade war, and the ongoing weakness of the US dollar.
This marks another milestone in what has been a record-breaking year for the precious metal, as investors increasingly seek safe-haven assets amid global uncertainties.
This morning, gold hit $3,017.64 per ounce, following reports that Israeli military forces launched extensive strikes on targets across Gaza, raising concerns that the fragile ceasefire in the region may be coming to an end.
Gold has climbed 15% since the beginning of 2025, up from $2,623 per ounce in December, adding to its 27% surge throughout 2024. Additionally, the weakening US dollar has further supported the rise in gold prices. The greenback is currently near a five-month low against a basket of other currencies, with traders worried that Donald Trump’s aggressive stance on tariffs could trigger a full-blown trade war, potentially pushing the US into a recession.
