The Investment Whisperer
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

The Investment Whisperer

Investing

Gold Price Hits New Record, Breaking US$2,975 for First Time

by admin March 14, 2025
March 14, 2025
Gold Price Hits New Record, Breaking US$2,975 for First Time

The gold price reached yet another record high on Thursday (March 13), breaking US$2,975 per ounce.

The precious metal has seen significant momentum since the start of the year.

Recent US consumer and producer price index data released on Wednesday (March 12) and Thursday shows that inflation has become stuck, adding more fuel to recession speculation and buoying gold.

Gold price chart, March 6 to 13, 2025.

These releases come as trade tensions between the US and other countries ramp up.

Tempers flared when Ontario Premier Doug Ford imposed a 25 percent surcharge on electricity exports to the US on Tuesday (March 11). Although the charges were withdrawn after the two sides agreed to meet in Washington on Thursday, there is still much uncertainty about Canada-US relations, as well as US relations globally.

Broad 25 percent tariffs on all steel and aluminum imports to the US went into effect on Wednesday. Canada quickly applied retaliatory tariffs on US$20 billion worth of goods, while the EU responded with tariffs on US$28 billion worth of goods. Trump had threatened to boost the tariffs on Canadian steel and aluminum to 50 percent, but backed down for now after Ford withdrew the 25 percent electricity surcharge.

Trump has also said he will impose further tariffs on auto imports by April 2, creating significant uncertainty for manufacturers and businesses that rely on cross-border trade.

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

This post appeared first on investingnews.com

0
FacebookTwitterGoogle +Pinterest
previous post
Stunalara Acceptances Reach 54%
next post
Noble Mineral highlights Successful Exploration Results announced by Canada Nickel, including Highest Grade to Date at Mann West

Related Posts

​Tech 5: Aide Says Harris Supports Policies to...

August 25, 2024

Barrick Mulls Canadian Exit as Mali Gold Tensions...

July 17, 2025

Tech 5: Meta Plans Multi-Billion AI Bet, Apple...

June 17, 2025

Riverside Resources and Questcorp Mining Execute Definitive Option...

May 7, 2025

First Majestic to Acquire Gatos Silver for US$970...

September 6, 2024

Energy Fuels Announces Q3-2023 Results, Including Net Income,...

November 11, 2023

Shell Denies Interest in BP Takeover, Freezing Potential...

June 27, 2025

India to Target Pacific Ocean for Deep-sea Critical...

July 24, 2024

Right to Earn Majority Interest in Highly Prospective...

June 16, 2025

Crypto Market Recap: Coinbase Acquires Liquifi, Tether to...

July 3, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


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

    Categories

    • Business (1,482)
    • Investing (3,787)
    • Politics (5,069)
    • World (4,762)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheInvestmentWhisperer.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 © 2024 TheInvestmentWhisperer.com | All Rights Reserved