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Gold mounts record summit, eyes $3,000 peak
Gold hit a record high on Friday, as uncertainty over U.S. tariffs and fears of trade tensions propelled prices, along with increased expectations of monetary policy easing by the Federal Reserve. Spot gold eased 0.1% to $2,983.78 an ounce as of 0132 GMT, after hitting a record high of $2,990.09 earlier in the session, within touching distance of the key $3,000 milestone. Bullion is also poised to log a second straight weekly rise, with a 2.5% gain so far. U.S. gold futures rose 0.2% to $2,996.70. “The risk-off market stance reflects investors’ expectations that trade tensions are likely to get worse before it ... (full story)
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- Posted: Mar 14, 2025 1:14am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 170
