Gold Prices Stabilize Amid Geopolitical Tensions
Gold prices exhibited stability on Monday, March 17, 2025, maintaining momentum following last week’s remarkable performance. The precious metal remained a preferred safe haven, fueled by ongoing geopolitical tensions and concerns related to customs duties.
Current Market Status
Gold was trading flat in immediate transactions at $2,984.14 per ounce. This follows a significant surge that saw prices exceed $3,000 per ounce on Friday, reaching a peak of $3,004.86—a historic benchmark. In contrast, U.S. gold futures saw a minor decline of 0.2%, settling at $2,993.50 per ounce.
Performance of Other Precious Metals
In the broader landscape of precious metals, silver experienced a slight decrease of 0.1%, trading at $33.76 per ounce. Conversely, platinum saw a marginal increase of 0.1%, climbing to $994.50. Palladium, however, faced a minor drop, falling by 0.1% to $963.83 per ounce.
| Precious Metal | Price (per ounce) | Change (%) |
|---|---|---|
| Gold | $2,984.14 | 0.00 |
| Silver | $33.76 | -0.1 |
| Platinum | $994.50 | +0.1 |
| Palladium | $963.83 | -0.1 |
In summary, the gold market remains influenced by various external factors, keeping investors cautious yet engaged.