Gold crosses $3,000 an ounce for the first time, hitting a record $3,004.86
Spot gold crossed $3,000 an ounce for the first time on 14 March 2025, touching a record $3,004.86, as investors sought a safe haven amid US tariff uncertainty.
Summary
Spot gold broke through $3,000 per ounce for the first time on 14 March 2025 and hit an all-time high of $3,004.86, Reuters reported. It was gold's 13th record high of 2025; prices had risen about 14% in the year after a 27% gain in 2024. Analysts linked the rally to safe-haven demand amid economic uncertainty from US President Donald Trump's tariff war, central bank buying and expectations of US rate cuts. US gold futures settled 0.3% higher at $3,001.10.
Key facts
- Milestone
- Above $3,000/oz for the first time, 14 March 2025
- Record
- $3,004.86/oz (spot)
- 2025 record highs
- 13th of the year
- Gain
- About 14% in 2025 after 27% in 2024
- Drivers
- Safe-haven demand, US tariff uncertainty, central bank buying
Practice MCQs 2 questions
On 14 March 2025, gold crossed which price level per ounce for the first time?
Show answer
Correct answer: C — $3,000
Spot gold crossed $3,000 an ounce for the first time on 14 March 2025, touching $3,004.86.
By how much had gold prices risen in 2024, before crossing $3,000 an ounce in March 2025?
Show answer
Correct answer: D — About 27%
Reuters reported gold rose 27% in 2024 and about 14% more in 2025 before crossing $3,000.