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Gold Prices Hit Record $3,005 Amid Geopolitical Tensions

3/18/2025

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Story summary
  • Gold prices soared to a historic $3,005 per troy ounce, driven by heightened safe-haven demand amid geopolitical tensions.
  • The US announced military action against Yemen's Houthis, increasing market uncertainty.
  • China emerged as a leader in gold acquisitions, with ongoing purchases from ETFs and central banks.
  • Investor sentiment is affected by trade war concerns and impending US Federal Reserve meetings.