Gold Hits Above $3,000, Silver $34
Business News, Latest Headlines Tuesday, March 18th, 2025
(AFRICAN EXAMINER) – Gold hit another record high above $3,000 on Tuesday, with investors seeking the metal as a haven from risk as conflict flared in the Middle East and U.S. President Donald Trump pressed on with tariff plans.
Spot gold hit a peak of $3,028.24 in early trade, and by 0927 was up 0.7% at $3,023.30 an ounce. Prices climbed above $3,000 for the first time on March 14. U.S. gold futures gained 0.9% to $3,032.
Bullion, which is considered a hedge against geopolitical and economic instability, has gained more than 14% year-to-date and has struck record highs 14 times this year.
ANZ raised its three-month gold price forecast to $3,100 and its six-month forecast to $3,200, while UBS set a price target of $3,200 for this year.
Silver gained 0.6% to $34.03 an ounce, platinum added 0.6% to $1,005.70, and palladium climbed 1.4% to $977.96.
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