BREAKING NEWS: Historic breakthrough - gold above USD 3,000 for the first time

On the morning of March 15, 2025, the price of gold traded above the psychologically significant USD 3,000 per troy ounce mark for the first time in history. Gold is currently trading stable at around USD 3,004 after closing the previous day at USD 2,985. Market sentiment remains tense. At the same time, the persistently weak inflation trend in the US is strengthening expectations of a loose monetary policy by the US Federal Reserve.

Yesterday, the published US producer prices (PPI) showed no change compared to the previous month - however, a slight increase was expected. This reinforces expectations that the Fed may pursue an even more expansionary monetary policy at its upcoming meeting, which could further weaken the US dollar and thus provide an additional boost for gold.

The trade dispute between the US and the EU reached a new level of escalation yesterday: after the EU imposed new punitive tariffs of 50% on US whiskey, the US government responded with threats of drastic punitive tariffs of up to 200% on European wine and spirits products. The intensified trade conflicts are weighing on the global markets and continue to drive investors increasingly into gold.

The US dollar index remains close to its most recent four-month low. The weakness of the dollar makes gold cheaper for investors outside the dollar zone and therefore more attractive internationally. The continued weakness of the US currency remains an important factor in the stability of the current gold price.

Despite cautious signals of a possible ceasefire between Russia and Ukraine, the geopolitical situation remains extremely tense. President Putin made a ceasefire dependent on several conditions, which did not significantly reduce uncertainty on the market. These geopolitical tensions are ensuring that demand for gold remains high.

From a technical chart perspective, the gold price has generated a strong buy signal by breaking through the USD 3,000 mark. As there is currently no further historical resistance to the upside, analysts see potential for further price increases. The USD 3,000 mark now acts as initial support, while the USD 2,940 area below it forms a stronger support zone.

In the short term, the Fed's interest rate policy and developments in the trade conflict between the US and the EU remain in focus. Further negative economic data from the US could also drive up the gold price. Investors should follow the news situation closely today, which includes in particular possible new escalation steps in the trade dispute or surprising developments in the geopolitical arena.

Read more about the background and forecasts in the News Explorer