Gold Surpasses Historic $3,000 Per Ounce Amid Global Tensions

The relentless rise of gold continues. On Friday, March 14, the precious metal crossed the symbolic $3,000 per ounce threshold for the first time, reaching $3,003.24 around 11:20 AM. Since the beginning of the year, gold has surged by 14.1%, far outpacing stock markets.

This spike is driven by a turbulent international context: geopolitical tensions and fears of a global trade war are boosting demand for this safe-haven asset. The situation escalated with the increase in tariffs imposed by Donald Trump. After targeting steel and aluminum, the U.S. president threatened to impose a 200% tax on European wine and champagne, heightening market uncertainty.

According to the World Gold Council, such a significant increase hasn’t occurred since early 2020, during the outbreak of the global Covid-19 pandemic. This sharp rise reflects ongoing global economic concerns and investors’ desire to turn to safer assets.