Gold prices soared past the historic $3,000 per ounce mark for the first time on Friday, extending a record-breaking rally driven by mounting trade tensions and growing expectations of U.S. interest rate cuts, reinforcing the metal’s status as a safe-haven asset.
Spot gold rose 0.4% to $3,000.39 per ounce as of 10:31 GMT. This milestone comes after gold has notched 13 all-time highs this year alone, gaining more than 14% in 2025.
The Kobeissi Letter, a prominent global markets commentary, confirmed the record-breaking surge on social media, posting: “Gold prices have officially crossed above $3,000/oz for the first time in history.”