The price of gold, considered a haven during turmoil, surpassed $3,000 per ounce for the first time as investors send U.S. stock markets tumbling.

Gold prices traded near record high levels on Thursday, fuelled by demand for safe-haven assets amid tariff concerns and a U.S. inflation report that reinforced expectations of a future rate cut. Spot gold gained 0.

Amid widespread economic turmoil, the price of gold has soared to another record high. Gold futures surpassed the $3,000 per troy ounce mark for the first time this week, per FactSet.

The price of gold has hit the $3,000 per ounce mark for the first time as demand for the precious metal surges amid economic uncertainty over the impact of a global trade war. Spot gold touched a record $3,004.86 per ounce on Friday, with prices having risen by 14% since the start of 2025.

Gold hit new highs late Thursday, with benchmark futures exceeding $3,000 a troy ounce for the first time. Most actively traded gold futures stood a

Gold broke through the key $3,000 barrier on Friday for the first time as investors piled on to a historic rally in the safe-haven asset to seek cover from economic uncertainty sparked by U.S. President Donald Trump's tariff war.

Gold pierced through the psychological milestone of $3,000 an ounce on Friday for the first time, building on an historic rally as trade tensions and U.S. rate cut bets supercharge its appeal as a safe store of value.