Gold prices have surpassed the significant threshold of $3,000 per ounce for the first time today, bolstered by a surge in historical peak values influenced by rising commercial tensions and expectations of reduced interest rates in the United States. This dynamic has enhanced gold’s appeal as a safe-haven asset.
As of now, the spot price of gold has risen by 0.4% to $3,000.87 per ounce, while U.S. gold futures have climbed 0.7% to reach $3,013.60.
Since the start of the year, the precious metal has achieved 13 record highs and is poised for gains for the second consecutive week.
| Type | Price per Ounce | Change |
|---|---|---|
| Spot Gold | $3,000.87 | +0.4% |
| Gold Futures | $3,013.60 | +0.7% |