The gold price sets a record this Friday: the ultimate safe haven asset in times of uncertainty surpassed $3,000 per ounce for the first time in history, reaching $3,004.94.
At 10:12 am, the yellow metal exceeded $3,000, rising 0.40%, amid global uncertainty due to trade and geopolitical tensions, and fears of a recession in the U.S., according to Bloomberg data reported by EFE.
Minutes later, gold continued to rise, reaching new highs at $3,004.94 per ounce.
Overnight, the precious metal price had already surpassed the previous day's records, amidst new U.S. threats to impose more tariffs on Europe. With this revaluation, gold has increased its value by 14.5% this year.
Specialists have long been warning about the effect of massive purchases of this precious metal by central banks worldwide, a clear move in times of high uncertainty. Charlotte Peuron, a fund manager specializing in the precious metals sector at Crédit Mutuel, explains to Efe that the sharp rise at the beginning of 2025 in the gold market is driven by this aspect and other economic and political risks, such as inflation or the return of Donald Trump to the presidency. "All these factors convinced investors to return to gold," Peuron adds, noting that demand from Western investors is increasing, both through gold ETFs and physical gold deliveries.