Gold achieves a historic leap and breaks the $3,000 barrier.

Gold prices witnessed a noticeable increase, breaking the $3,000 per ounce barrier for the first time during trading on Friday. This rise was driven by a combination of economic and political factors, and it is expected that this trend will continue in the near future.

Growing concerns about a potential U.S. budget deficit and its impact on inflation play a significant role in supporting the rise in gold prices. Additionally, the readiness of investors and official institutions to hedge against credit risks is contributing to increased demand for the yellow metal.

At the same time, recent data from the Producer Price Index (PPI) and Consumer Price Index (CPI) indicated a decline in price pressures in February, leading to heightened expectations that the Federal Reserve will ease its monetary policy, thereby increasing gold's appeal as an investment asset.

British economic data today showed an unexpected contraction, raising concerns about the impact of tariffs on all countries worldwide.

U.S. stock indices recorded sharp declines yesterday, indicating a withdrawal of investors from riskier assets and a shift towards safe havens.

Gold Price Today

Gold rose in spot trading by about 1% to reach $3,016 per ounce, heading for a second consecutive weekly increase, achieving gains of 2.5% so far. Market analysts noted that the $3,000 level has become a psychologically significant level for gold prices.

In other metals, silver fell in spot trading by 0.2% to $33.72 per ounce, while platinum rose by 0.1% to $995.30, and palladium increased by 0.7% to $964.32.

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