Gold Price News: Gold reaches new all-time high of over USD 3,050

On March 20, 2025, gold reached a new historic record high of USD 3,057.00 per troy ounce. Slight profit-taking set in over the course of the day, with the price finally closing at USD 3,036.70. This corresponds to a slight daily loss of around 0.44%, although this did not have a negative impact on the overall sentiment. Gold remains the preferred asset class for investors in a market environment characterized by uncertainty.

A persistently weak US dollar continues to support demand for gold. In addition, the US Federal Reserve signaled at its most recent meeting that it would cut interest rates twice over the course of the year, which makes gold even more attractive as an investment. At the same time, the European Central Bank (ECB) is also continuing its cautious monetary policy. The prospect of falling interest rates worldwide further increases the appeal of the interest-free precious metal.

The geopolitical situation remains tense and is a decisive factor in the rising gold price. In particular, the escalation in the Middle East, ongoing tensions in the Ukraine conflict and the newly imposed US punitive tariffs on EU and Chinese products are driving investors increasingly into gold. Uncertainty about the potential economic impact of these conflicts is sustainably supporting the price strength of the precious metal.

High inflation remains a key market issue. Investors see gold as an effective hedge against a loss of purchasing power, particularly in light of the fact that real interest rates remain low. This environment of high inflation and global uncertainty creates ideal conditions for sustained high demand for gold.

From a technical chart perspective, gold's upward trend remains unbroken. The most important support level is currently USD 3,000 - followed by USD 2,980 and USD 2,880. The current resistance is in the USD 3,057-3,075 range. A sustained breakout above this resistance could trigger further upward movement towards USD 3,100 in the short term. However, technical indicators show that a short-term consolidation phase would be healthy.

The outlook for gold remains positive for the coming trading days. The combination of the Fed's expansionary interest rate policy, geopolitical tensions and persistent inflation continues to support rising gold prices. However, investors should not rule out short-term profit-taking and volatility. The next few days will be decisive in determining whether gold will continue its upward trend immediately or whether it will first consolidate.