This milestone, driven by U.S. President Donald Trump’s tariff policies and global trade tensions, saw spot gold hit an all-time high of $3,004.86 earlier in the session, before easing 0.1% to $2,986.26 by 02:01 p.m. ET (1801 GMT) due to profit-taking, while U.S. gold futures settled 0.3% higher at $3,001.10.
The surge reflects gold’s role as a hedge against currency depreciation, inflation, and systemic risks, bolstered by central bank demand, expectations of U.S. Federal Reserve rate cuts, and geopolitical instability, including Russia-Ukraine tensions and U.S.-China trade disputes. Stay informed on precious metal trends with
Crypto Market Insights on news.thecoininfo.com, and explore in-depth analysis on The Coin Info Hub at thecoininfo.com.For investors, gold’s breakout signals opportunity amid crypto market volatility, like Bitcoin’s drop below $80,000, but its sustainability depends on inflation trends and monetary policy, with resources like
Crypto News Updates on news.thecoininfo.com keeping you updated on this landmark moment.
