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ComMODITY: GOLD REACHED A RECORD HIGH ON FRIDAY

14/03/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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Propelled by trade war fears and expectations of an interest rate cut by the US Federal Reserve, gold hit a record high on Friday, trading near the key $3,000 mark.

US gold futures rose 0.4% to $3,004.20. Spot gold was stable at $2,990.54 per ounce as of 0847 GMT. Earlier in the session, gold's safe haven hit a record $2,993.80. The bar has hit 13 all-time highs since the start of the year and is on the way for a second straight week of gains

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Spot silver gained 0.5% to $33.96 per ounce, platinum lost 0.2% to $992.15, and palladium gained 1% to $967.42 per ounce.

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