Gold Breaks $3,000 Barrier Amid Global Uncertainty and Trade Tensions

Balazs Barabas

For the first time in history, the price of gold has surpassed the ,000 per troy ounce mark, driven by ongoing tensions in global trade and speculation that the U.S. Federal Reserve may soon lower interest rates. The spot price of gold increased by 0.4%, reaching ,000.87 per troy ounce as of 12:15 p.m. Bulgarian time, while U.S. gold futures rose by 0.7%, hitting ,013.60 per troy ounce. Gold has already achieved 13 price records in 2024 alone, with expectations that it will close the second