Gold

Gold prices have entered a correction phase, experiencing three consecutive days of decline driven by a strengthening US dollar and potential trade policy shifts. The precious metal has pulled back from its recent record high, with April gold futures currently trading at $3,015.60, marking a $5.80 decline.

Market Dynamics and Price Movement

Gold futures have experienced significant gains recently, driven primarily by concerns over President Trump's newly implemented tariff policies and their potential economic impact. After a remarkable rally, recent price action suggests a correction may be on the horizon.

Gold futures experienced a volatile trading session today, initially surging to a new all-time high before retreating on profit-taking, only to recover much of those losses by the close of trading.

Gold prices climbed to unprecedented heights Wednesday, closing at a record $3,047.14 after the Federal Reserve concluded its March Federal Open Market Committee (FOMC) meeting with a decision to maintain current interest rates.

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In a significant development for precious metals markets, both gold futures and spot gold have surpassed the landmark $3,000 per troy ounce threshold. As of 5:20 PM ET, the most active April gold futures contract settled at $3,010.10, reflecting a daily gain of $13.90 or 0.46%. Simultaneously, physical gold reached $3,001.13, advancing by $16.22 or 0.54%.

Gold futures closed above $3,000 per troy ounce for the first time in history, marking an unprecedented milestone in the precious metals market. This historic breakthrough comes amid escalating global trade tensions and geopolitical uncertainties that have created what analysts describe as a "perfect storm" for gold prices.

For the first time in history, gold futures have crossed the elusive $3,000 per ounce threshold. This remarkable achievement follows a dramatic price surge from just below $2,700 per ounce at the beginning of this year. As of 4:15 PM ET, gold futures for the most active April contract are fixed at $3,001.30, representing today's impressive gain of $57.90 (1.97%).

Gold prices climbed today driven by safe-haven buying as President Trump's 25% tariffs on steel and aluminum took effect. The precious metal advanced despite February's Consumer Price Index showing inflation rising less than expected at the slowest pace in four months. April gold futures increased by $20.60 (0.70%) to close at $2,943.40, marking the second significant daily gain this week.

Gold futures climbed significantly Tuesday as investors sought shelter from market uncertainty triggered by President Trump's expanding tariff policies. The precious metal rose $23.60 (0.81%) to $2,923.10 for the most active April contract as of 3:55 PM EST.