Gold surpasses $3K per ounce first time ever

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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.”

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