Day Trading Reports
  • Business
  • World News
  • Politics
  • Investing
  • Business
  • World News
  • Politics
  • Investing

Day Trading Reports

Investing

Gold Price Hits New Record, Breaking US$3,100 for First Time

by admin April 1, 2025
April 1, 2025
Gold Price Hits New Record, Breaking US$3,100 for First Time

The gold price reached yet another record high on Monday (March 31), breaking US$3,100 per ounce.

The precious metal has gained significant momentum since the beginning of the year. In morning trading on Monday it surged past the US$3,100 mark, climbing as high as US$3,124.96.

Monday’s rise precedes US President Donald Trump’s planned retaliatory tariffs, which are set to come into effect on Wednesday (April 2). The new round is aimed at countries that have placed tariffs on US goods.

Gold price chart, March 24 to 31, 2025.

How widespread the tariffs will be, or if there will be any carve outs, is still unknown.

Trump has threatened various tariffs since the start of his administration, but few have yet to materialize. The majority have targeted US trade partners like Canada, Mexico and the European Union.

On March 26, Trump announced a 25 percent tariff on all automobiles made outside of the US, but suggested there may be exemptions for parts and vehicles that fall under US-Mexico-Canada Agreement guidelines. Those rules require that 60 percent of vehicles and components be manufactured in the US, Canada or Mexico.

The net effect of Trump’s actions has been political and financial turmoil, sparking selloffs on major stock markets and pushing prices for safe-haven assets like gold to fresh records.

Additionally, China, Japan and South Korea agreed on Sunday (March 30) to seek deeper free trade ties in response to the threat of tariffs from the US government. The deal marks a significant move by the three countries following decades of US diplomacy to maintain close relationships with Japan and South Korea.

Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

previous post
Alvo Minerals to Acquire Pan American’s Lavra Velha Gold-Copper Project
next post
Crypto Market Recap: Strategy, MetaPlanet Buy the Dip, Hut 8 Makes Deal with Trump Brothers

Related Posts

Top 10 Graphite-producing Countries

February 12, 2025

Further Outstanding Metallurgical Recoveries from Theia

March 5, 2025

Hazer and KBR Enter Global Deal to Accelerate...

May 5, 2025

First Helium Completes Drilling 7-30 Well & Cases...

January 31, 2025

Blackstone Merger to Acquire World Class Copper Gold...

February 6, 2025

WOA Secures New Sales in Europe, Latin America...

March 10, 2025

Editor’s Picks: Gold Pulls Back, Experts Not Worried;...

May 4, 2025

Finlay Minerals Enters into Earn-In Agreements with Freeport...

April 20, 2025

Top 5 Canadian Mining Stocks This Week: Minsud...

February 22, 2025

Sarama Completes Tranche 2 Options Placement

February 11, 2025

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Editors’ Picks

    • 1

      Forum Energy Metals and Global Uranium Announce Exploration Update on Drill Targeting, Northwest Athabasca Project, Saskatchewan

      January 31, 2025
    • 2

      Mega M&A: Rio Tinto-Glencore Merger Sparks Chatter

      January 28, 2025
    • 3

      Excellent 90% recoveries at Cork Tree Well & Board Update

      February 17, 2025
    • 4

      Financial Agreement signed releasing $2M grant

      January 23, 2025
    • 5

      Netflix shares soar as company reports surging revenue, tops 300 million subscribers

      January 23, 2025
    • 6

      Cyclopharm Signs US Agreement with HCA Healthcare for Technegas®

      January 23, 2025
    • 7

      FDA officially authorizes Zyn nicotine pouches for sale following health review

      January 23, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: daytradingreports.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 daytradingreports.com | All Rights Reserved