For the quarter ending March 31, spot gold soared $499.07/oz (or +19.02%) to close at $3,123.57, decisively clearing the psychological $3,000 level and hitting an all-time high. Since the start of the year, gold has been climbing steadily with only minor, very short-lived pullbacks. The torrent of macro headlines and developments — coupled with a notable non-performance of traditional safe-haven assets such as the US dollar and US Treasuries — has led gold to emerge as the lone liquid safe-haven asset. The year began with broad market optimism. Investors had high expectations that the second Trump administration's ... (full story)