Gold continued its remarkable rally on Tuesday, March 18, 2025, as the spot price hit a new all-time high of $3,037.57 per ounce. This surge marks the second time within a week that gold has breached the psychologically important $3,000 level, driven by a combination of factors including geopolitical tensions, trade uncertainties, and safe-haven demand. The precious metal has now gained over 15% since the start of the year, with the rally fueled by central bank purchases, particularly from China, as well as ongoing concerns over global trade disputes and inflationary pressures.
Market analysts are revising their gold price forecasts upward in light of the metal’s strong performance. Goldman Sachs has raised its year-end 2025 target from $2,890 to $3,100 per ounce, citing higher-than-expected demand from central banks and increased purchases of gold ETFs as interest rates decline. Other institutions, including UBS and Citibank, are also projecting prices in the $3,000 to $3,200 range by the end of the year. The continued uncertainty surrounding U.S. trade policies, particularly President Trump’s tariff strategies, is expected to maintain gold’s appeal as a safe-haven asset in the coming months.
