The gold has no roof: it beat a new record and is on its way to US $ 3,000

The gold has no roof: it beat a new record and is on its way to US $ 3,000

February 24, 2025 – 18:52

Cash gold increased by 0.3%, to 2,943.88 dollars, after having reached a historical maximum of 2,956.15 dollars, its historical eleventh in 2025.

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He Gold price went to a historical maximum on Monday, driven by the Demand for refuge amid the concern for the tariff policy of President Donald Trump and the support of entries to the main fund supported by the metal that quotes in the stock market.

Cash gold increased 0.3%, to $ 2,943.88having reached a historical maximum of 2,956.15 dollarsits eleventh historical maximum in 2025. American gold futures earned 0.2%, at 2,959.70 dollars.

The index US dollar played its lowest level since December 10 at the beginning of the session, which makes the bullions more affordable for buyers who use other currencies.

The president of the United States, Donald Trumpwarned of the Imminence of new tariffs last week. These plans are considered in general Inflationists and capable of triggering commercial warswhich increases the demand for shelter assets such as gold in bullion.

Gold: ETF SPDR Gold Trust registered record holdings in more than two decades

SPDR Gold Trust, The largest bottom quoted in the stock market (ETF) backed by gold in the world, said their holdings increased to 904.38 tons on Friday, the highest level since August 2023.

The prices, which are maintained above 2,950 dollars, are attracting the attention of investors to the 3,000 dollar brand, with the metal rising more than 12% in 2025.

In other precious metals, money in cash fell 0.8%, to $ 32.28 the ounce, platinum lost 0.7%, to $ 962.55 and the paladium reduced 2.8%to 942, 942, 00 dollars.

Source: Ambito

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