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Gold could rise further after record high of $3,000 an ounce
Khaleej Times
|March 18, 2025
Gold prices are expected to scale new record highs due to the US tariffs row and geopolitical developments around the world, pushing investors to safe-haven metal, say analysts.
The yellow metal hit a record high of $3,000 per ounce on Friday as investors shifted to safe-haven assets to cover from economic uncertainty sparked by US President Donald Trump's tariff war.
Khaleej Times reported in October last year that gold prices could touch $3,000 in the first quarter of 2025 due to geopolitical tensions, interest rate cuts and central banks’ buying.
Gold closed at $2,986.65 per ounce over the weekend, up 0.23 per cent. In Dubai, gold prices hit an all-time high on Friday with 24K at Dh360.75 per gram, 22K at Dh335.75 per gram, 21K at Dh322 and 18K at Dh276 per gram. Gold closed the week slightly lower, with 24K at Dh359.5, 22K at Dh334.5, 21K at Dh320.75 and 18K at Dh275 per gram.
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