Gold powers past $3,000 per ounce
Gold has reached another historic milestone, surpassing $3,000 per ounce for the first time and setting a new all-time high of $3,046.04 this morning. This marks another leg in gold’s third major bull run, following similar rallies in the 1970s and 2000s, and means gold has now doubled in value over the past five years in USD.
With a weaker dollar helping the pound hit $1.30 for the first time since November, gold has yet to recapture the GBP record of £2,382. Any sterling weakness around the Spring Statement next week however could quickly propel gold past this level towards £2,400.
Markets remain volatile amid escalating trade tensions between the US and major economies, while ongoing geopolitical uncertainty surrounding the Middle East and the Ukraine-Russia war continues to drive safe-haven demand for gold.
Silver has also surged on the back of a weaker dollar, reaching $34 per ounce, a price not seen since 2012. For UK investors, silver is trading around £26 per ounce, its highest level since 2011 and within reach of the UK record of £29.
The fundamentals for gold remain strong, and while some selling pressure is possible after its 15% gain in 2025, analysts are raising their price forecasts. With safe-haven demand showing no signs of slowing, more investors are turning to gold as a trusted, physical asset to diversify and protect their portfolios.
Gold has reached another historic milestone, surpassing $3,000 per ounce for the first time and setting a new all-time high of $3,046.04 this morning. This marks another leg in gold’s third major bull run, following similar rallies in the 1970s and 2000s, and means gold has now doubled in value over the past five years in USD.
With a weaker dollar helping the pound hit $1.30 for the first time since November, gold has yet to recapture the GBP record of £2,382. Any sterling weakness around the Spring Statement next week however could quickly propel gold past this level towards £2,400.
Markets remain volatile amid escalating trade tensions between the US and major economies, while ongoing geopolitical uncertainty surrounding the Middle East and the Ukraine-Russia war continues to drive safe-haven demand for gold.
Silver has also surged on the back of a weaker dollar, reaching $34 per ounce, a price not seen since 2012. For UK investors, silver is trading around £26 per ounce, its highest level since 2011 and within reach of the UK record of £29.
The fundamentals for gold remain strong, and while some selling pressure is possible after its 15% gain in 2025, analysts are raising their price forecasts. With safe-haven demand showing no signs of slowing, more investors are turning to gold as a trusted, physical asset to diversify and protect their portfolios.
