Gold Prices Surpass $3,000 for First Time — Is the 2025 Target Obsolete?

Source Tradingkey

TradingKey — Gold prices have breached the $3,000 per ounce milestone for the first time in history, driven by surging safe-haven demand amid escalating trade tensions sparked by former U.S. President Donald Trump’s tariff threats.

On Friday, March 14th, the price of gold (XAU/USD) rose above $3,000 per ounce and is currently quoted at $2,997 per ounce. The precious metal has rallied 5% since March, extending its year-to-date gains for 2025 and marking three consecutive months of growth.

Over the past year, gold has soared nearly 40%, outperforming major assets like the S&P 500. The surge follows Trump’s warnings to impose 50% tariffs on Canadian steel/aluminum and 250% tariffs on dairy products, with recent threats of 200% duties on EU alcoholic beverages reigniting fears of a global trade war.

While current and former U.S. Treasury Secretaries have downplayed recession risks, economists increasingly warn of a 65% probability of a U.S. economic downturn — a key catalyst for gold’s rally. 

Analysts highlight gold’s role as a hedge against the most severe macroeconomic turmoil witnessed in modern history.

Macquarie Group predicts prices could reach $3,500/oz by Q3 2025, citing gold’s dual appeal as a:

  • Safe-haven asset amid fiscal uncertainty
  • Monetary anchor as concerns over U.S. deficit expansion grow
    Both institutional and retail investors are accelerating allocations to gold to mitigate counterparty and credit risks.

BNP Paribas analysts project gold may exceed $3,100/oz in Q2 2025, bolstered by expectations of multiple Federal Reserve rate cuts and sustained central bank buying.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Bitcoin Price Annual Forecast: 2025 outlook brightens on expectations of US pro-crypto policyBitcoin (BTC) price has surged more than 140% in 2024, reaching the $100K milestone in early December.
Author  FXStreet
Dec 19, 2024
Bitcoin (BTC) price has surged more than 140% in 2024, reaching the $100K milestone in early December.
placeholder
Bitcoin ETF Inflows For 2025 Now Outpace 2024, Data ShowsUS Bitcoin spot exchange-traded funds (ETFs) have seen more inflows this year so far compared to the same point in 2024, according to data.
Author  Bitcoinist
Jul 16, Wed
US Bitcoin spot exchange-traded funds (ETFs) have seen more inflows this year so far compared to the same point in 2024, according to data.
placeholder
Gold Price Forecast: XAU/USD gains momentum to near $3,650, eyes on US CPI releaseThe Gold price (XAU/USD) gains momentum to near $3,645 during the early Asian session on Thursday.
Author  FXStreet
Sep 11, Thu
The Gold price (XAU/USD) gains momentum to near $3,645 during the early Asian session on Thursday.
placeholder
What to expect from Ethereum in October 2025With broader sentiment worsening, user demand falling across the Ethereum network, and institutional investors pulling back, the coin faces mounting headwinds in October.
Author  Beincrypto
Sep 30, Tue
With broader sentiment worsening, user demand falling across the Ethereum network, and institutional investors pulling back, the coin faces mounting headwinds in October.
placeholder
Gold extends record-setting rally beyond $4,000; shrugs off a broadly firmer USDGold (XAU/USD) is prolonging its recent record-setting rally and building on the momentum beyond the $4,000 psychological mark during the Asian session on Wednesday.
Author  FXStreet
2 hours ago
Gold (XAU/USD) is prolonging its recent record-setting rally and building on the momentum beyond the $4,000 psychological mark during the Asian session on Wednesday.
goTop
quote