4 sources·Business

Gold Reaches Record $3,000 Per Ounce Amid Economic Turmoil

Gold prices exceed $3,000 per ounce, fueled by demand as economic uncertainty grows from escalating trade tensions.

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  1. Gold Breaks $3,000 for First Time Amid Global Uncertainty

    Gold prices could push higher if policy uncertainty persists, analysts say.

    Gold Breaks $3,000 for First Time Amid Global Uncertainty

    Epoch TimesEpoch Times·1M
    Mixed Reliable
    This source has a mixed track record—sometimes accurate but also prone to bias, sensationalism, or incomplete reporting.
    ·
    Right
    This outlet favors right-wing views.
  2. Gold rises to new heights as anxiety grips markets. Here's what you need to know

    Interest in buying gold typically spikes when investors become anxious — and there’s been a lot of economic turmoil in recent months.

    Gold rises to new heights as anxiety grips markets. Here's what you need to know

    Associated PressAssociated Press·1M
    Reliable
    This source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.
    ·
    Center
    This outlet is balanced or reflects centrist views.
  3. Gold price hits $3,000 as trade tensions mount

    Gold is seen as a safer asset for investors and is often sought after in times of economic instability.

    Gold price hits $3,000 as trade tensions mount

    BBC NewsBBC News·1M
    Reliable
    This source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.
    ·
    Center
    This outlet is balanced or reflects centrist views.
  1. Epoch Times
  2. Associated Press
  3. BBC News
  4. CNN
Updated: Mar 14th, 2025, 2:50 PM ET

Summary

A summary of the key points of this story verified across multiple sources.

Gold prices have surpassed the $3,000 mark for the first time, driven by investor demand amid escalating trade wars and geopolitical tensions, leading to a 14% increase since early 2025. The surge indicates a flight to safety as uncertainty around tariffs and inflation fears rises. Former Treasury Secretary Larry Summers suggests this reflects a lack of confidence in economic management. Central banks are also increasing gold reserves, adding to market dynamics. Analysts predict the uptrend may continue if economic anxiety grows further.

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Gold Reaches Record $3,000 Per Ounce Amid Economic Turmoil - Pano News