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Gold Hits New Record of $3,030 on Middle East Tension, US Economy Concerns
Posted
March 18, 2025
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March 18, 2025
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4:29Now PlayingGold rose to a record high above $3,028 an ounce due to Middle East tensions and concerns about the US economy slowing down. The metal is up 15% so far this year, extending its strong annual advance in 2024, with several major banks raising their price targets for this year. Inflows into physically-backed gold exchange-traded funds continued for a fifth consecutive day, with the amount of gold held in ETFs rising 5% this year. Bloomberg's Mike McGlone reports.
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