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Gold Soars to Fresh High on Tariff Concerns
Business Standard
|March 15, 2025
Gold pierced through the psychological milestone of $3,000 an ounce on Friday for the first time, building on an historic rally as trade tensions and US rate cut bets supercharge its appeal as a safe store of value.
Spot gold was up 0.3 per cent at $2,997.75 an ounce at 11:15 GMT after hitting a record high of $3,004.86.
US gold futures were up 0.6 per cent to $3,009.10.
Gold, traditionally viewed as a safe haven investment during times of inflation or economic volatility, has risen over 14 per cent so far this year, driven in part by concerns over the impact of US President Donald Trump's tariffs and the recent selloff in stock markets.
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