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Gold Breaks Through $3,000 as Trump Turbocharges Record Rally
Posted
March 14, 2025
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4:13Now PlayingGold prices have surpassed $3,000 an ounce for the first time, driven by central bank buying, economic fragility, and President Trump's trade policies.
The rally has been fueled by investors seeking a store of value in turbulent times, with central banks buying bullion to diversify away from the dollar and China's economic worries.
Despite typically being headwinds, higher interest rates and a strong US dollar have brought new buyers into the market, with some analysts predicting gold will continue to rise, potentially reaching $3,500 an ounce. Bloomberg's Mike McGlone reports.
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