Gold prices shattered records today, surging to an all-time high of $3,100 per ounce, as investors flock to the safe-haven asset amid escalating global trade tensions and economic uncertainty. The yellow metal’s meteoric rise reflects growing fears over U.S. President Donald Trump’s tariff policies, which have reignited demand for gold as a hedge against market volatility. Spot gold hit $3,115.96 earlier in Asian trade, while June futures peaked at $3,147, according to market data, marking an 18% year-to-date increase.
Spot gold holds steady at $3,107.20/oz after briefly dipping to $3,102. Investors eye U.S. trade policy announcements expected later this week.
Analysts attribute the rally to multiple factors: Trump’s proposed tariffs, geopolitical instability, and a weakening U.S. dollar following signals of potential Federal Reserve rate cuts in 2025. “Gold is thriving in this storm of uncertainty,” said Bob Haberkorn, senior market strategist at RJO Futures. “With tariffs looming and equity markets wobbling, $3,100 may just be the beginning.” In India, gold prices climbed to ₹89,500 per 10 grams, up ₹410 from yesterday, per the India Bullion and Jewellers Association. Also read: New Zealand’s Central Bank to Review Capital Rules Amid Competition Concerns
Gold ETFs report record inflows, with $9.4 billion added in February alone, per the World Gold Council.
The precious metal has notched its fourth consecutive weekly gain, poised for its largest monthly jump since March 2024. However, some experts caution that a short-term correction could follow this rapid ascent. “The bullishness is news-driven, but overbought conditions might trigger a pullback,” noted Renisha Chainani, Head of Research at Augmont.
Key Points: Gold Price Hits Record $3,100
- All-Time High: Gold reached a record $3,100 per ounce on March 31, 2025, with spot gold peaking at $3,115.96 and June futures hitting $3,147.
- Driving Factors: The surge is fueled by U.S. tariff threats under President Trump, geopolitical tensions, a weaker dollar, and potential Federal Reserve rate cuts.
- Global Impact: In India, gold rose to ₹89,500 per 10 grams, up ₹410, reflecting an 18% year-to-date gain worldwide.
- Market Trends: Gold has seen four straight weekly gains and is on track for its biggest monthly increase since March 2024.
- Expert Insights: Analysts predict further gains due to uncertainty, though some warn of a possible short-term correction due to overbought conditions.
