Gold price increases sharply, breaking all-time peak

Phan Anh (Theo Reuters) |

Gold prices today have surpassed the psychological mark of 3,000 USD/ounce, the uptrend has not stopped.

According to Reuters, gold prices surpassed $3,000/ounce for the first time on Friday, continuing to increase strongly thanks to trade tensions and expectations that the US Federal Reserve (FED) will cut interest rates, making gold even more attractive as a safe-haven asset.

Spot gold increased by 0.4%, reaching $3,000.39/ounce at 10:31 GMT. Gold prices have hit 13 record highs in 2025 and increased by more than 14%. US gold futures increased by 0.7%, to 3,012.9 USD.

Dien bien gia vang the gioi nhung phien giao dich gan day. Bieu do: Phan Anh
World gold price developments in recent trading sessions. Chart: Phan Anh

In the context of rising geopolitical tensions, rising trade tariffs and uncertainty in the financial market, investors are looking for stability and they are finding that in gold.

When gold breaks above $3,000, short-term profit-taking could temporarily put pressure on gold prices," said Alexander Zumpfe, a precious metals trader at Heraeus Metals Germany.

US government taxes have played an important role in increasing demand for gold. The global trade war has rocked financial markets and raised concerns about economic recession, especially as trade tensions escalate, such as the threat to impose a 200% tax on alcohol imports from Europe on Thursday.

SPDR Gold Trust - the world's largest gold ETF said that the fund's gold holdings reached 905.81 tons, the highest level since August 2023 at the end of February.

Meanwhile, data shows that the US consumer price index fell more strongly than analysts expected, which could create more space for the Fed to cut interest rates. The Fed's next policy meeting is on Wednesday, and is expected to keep the benchmark interest rate unchanged overnight.

The FOMC decision next week, along with Chairman Jerome Powells signal, will determine whether spot gold prices will remain above $3,000 an ounce, said Han Tan, chief market analyst at Exinity Group.

Traders expect policymakers to continue cutting borrowing costs in June.

We maintain an optimistic view on gold, with prices forecast to reach a record $3,050/ounce in 2025, ANZ analysts noted.

Spot silver prices increased by 0.5%, reaching 33.96 USD/ounce, while platinum prices decreased by 0.9%, while USD 985 and palladium prices increased by 0.4%, to USD 961.91.

See more news related to gold prices HERE...

Phan Anh (Theo Reuters)
TIN LIÊN QUAN

Gold ring price breaks peak, big profits despite surfing investment

|

9999 round gold ring price continues to break the peak, bringing significant profits despite only investing in short-term surfing.

World gold prices increase as US CPI cools down

|

Gold prices continued to rise, reaching a two-week high two weeks before new economic data from the US.

Gold prices surge due to safe-haven demand

|

Gold prices increased sharply as investors searched for a safe haven. The weak USD further supported the increase, bringing the precious metal closer to record levels.

A wall collapsed in Can Tho when demolished, a worker injured

|

Can Tho - On the afternoon of March 15, a house wall collapse suddenly occurred near the Mau Than - 3 Thang 2 - Tran Hung Dao intersection, in Ninh Kieu district.

Despite the danger, people freely fish in prohibited waters

|

Hoa Binh - Although warning signs have been erected along the Hoa Binh Hydropower Plant area, many people are still calmly fishing right at the foot of the dam.

Transferring the Ministry of Public Security to consider investigating 2 projects in Vinh Long

|

The Government Inspectorate forwarded information and documents to the Ministry of Public Security for consideration and investigation of the two projects in Vinh Long.

Vietnam travels to the United Nations to map the Gulf of Tonkin base road

|

Vietnam has used the United Nations' basic golf and Tonkin route map and coordinates.

HCMC reclaims 667 hectares of land to build 4 new urban areas in Thu Duc and Tan Phu

|

Ho Chi Minh City is about to reclaim 667 hectares of land in Thu Duc City and Tan Phu District to develop 4 modern urban areas according to the TOD model.

Gold ring price breaks peak, big profits despite surfing investment

Phan Anh |

9999 round gold ring price continues to break the peak, bringing significant profits despite only investing in short-term surfing.

World gold prices increase as US CPI cools down

Phan Anh (Theo Kitco) |

Gold prices continued to rise, reaching a two-week high two weeks before new economic data from the US.

Gold prices surge due to safe-haven demand

Phan Anh (Theo Kitco, Investor’s Business Daily) |

Gold prices increased sharply as investors searched for a safe haven. The weak USD further supported the increase, bringing the precious metal closer to record levels.