Gold Reaches Record $3,000 Per Ounce as Economic Uncertainty Grows

Investors turn to gold for stability in response to inflation, geopolitical tensions, and shifting trade policies.

Gold prices hit an all-time high of over $3,000 per ounce, reflecting a 45% increase in value since early 2024.
Key drivers of the surge include inflation concerns, Federal Reserve rate cuts, and geopolitical instability, including ongoing trade tensions under President Trump's administration.
Central banks have continued to stockpile gold, with China resuming purchases after a pause and global reserves reaching record levels.
Physically-backed gold ETFs have seen significant inflows, highlighting increased investor demand for gold as a safe-haven asset.
Analysts suggest gold prices could climb further, potentially reaching $3,500 per ounce, depending on future economic and political developments.