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Geopolitical factors, economic uncertainty led historic gold price surge
The Sunday Guardian
|March 16, 2025
Gold prices touched a historic milestone, hitting USD 3,000 per ounce, reinforcing its role as a safe-haven asset during times of economic uncertainty.
According to John Reade, Senior Market Strategist at the World Gold Council, gold has consistently performed well in risk-off environments, climbing from USD 1,000 during the financial crisis to USD 2,000 amid the pandemic, and now surpassing USD 3,000 as global uncertainty intensifies.
He said, "Gold hitting US$3,000 per ounce is a significant milestone and reinforces the asset's safe haven role in times of uncertainty. From $1,000 during the financial crisis to $2,000 amid the pandemic, gold has proven to perform well in risk-off environments as well as delivering returns in line with most other asset classes since 1971."
This story is from the March 16, 2025 edition of The Sunday Guardian.
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