Gold Prices Surge Toward $3,000 Milestone Amid Global Uncertainties

Gold prices continue their relentless climb, with the precious metal now trading at $2,950.7 per ounce, up 0.06% in the last 24 hours. The rally, which has seen gold gain nearly 11% since the start of 2025, is fueled by a combination of factors including trade war fears, geopolitical tensions, and a weaker US dollar. Analysts at UBS expect gold to reach $3,000 soon, citing ongoing central bank demand as a supporting factor. However, some experts caution that progress in Russia-Ukraine peace talks could potentially temper gold's gains. As global economic uncertainties persist, investors are increasingly turning to gold as a safe-haven asset, pushing prices ever closer to the historic $3,000 mark.

 

Source: Economic Times