Table of contents
Gold Price News: New record high - gold rises to over USD 3,034
Dr. Mathias Kunze
Senior Consultant in Commercial and Tax Law
3 min.
Published on: 18.03.2025 | 23:09 UTC
Today's gold price and important market developments from 18.03.2025 in the live ticker
Source: ChatGPT (OpenAI)
Key Facts
✅ Current gold price:
📈 Record price reached: USD 3,034 per ounce - up 1.14% on the previous day (USD 3,000).
✅ Important events:
📌 Weak US dollar: Dollar index continues to fall and supports demand for gold.
📌 Focus on the Fed's interest rate decision: Markets expect no rate hike and indications of loose monetary policy.
📌 Escalation in the Middle East conflict: New Israeli airstrikes on Gaza increase uncertainty.
📌 Trade dispute intensifies: US punitive tariffs on EU products and announced countermeasures increase fears of recession.
📌 Ukraine conflict remains tense: Diplomatic talks between Trump and Putin without tangible results.
✅ Technical analysis:
📊 Support now at USD 3,000, including USD 2,950-2,900. Resistance at USD 3,038 and then at USD 3,100.
Current price trend: New all-time high in the evening
On the evening of March 18, 2025, the price of gold reached a new historic high and is currently trading at USD 3,034 per ounce. This represents a significant increase of over 1% compared to the previous day. Investors continue to show great confidence in gold as a hedge against global uncertainties and crises.
Weaker US dollar supports gold
A further fall in the US dollar index is making a significant contribution to rising demand for gold. The dollar is currently close to a new multi-month low, making the purchase of gold significantly cheaper internationally and boosting demand accordingly.
Fed meeting creates tension on the markets
Investors are currently focusing on tomorrow's meeting of the US Federal Reserve. The market firmly expects that the Fed will not decide to raise interest rates, but at the same time Fed Chairman Powell's statements on future monetary policy are eagerly awaited. Any hint of a looser monetary policy could give the gold price a further boost.
Middle East conflict continues to escalate
The situation in the Middle East has escalated further. Israeli forces once again carried out massive airstrikes on targets in the Gaza Strip. This military escalation is driving investors out of risk assets and into the safe haven of gold, thus increasing demand and the price of the precious metal.
US-EU trade dispute: Fears of recession on the rise
The trade conflict between the US and the EU continues to escalate. US President Trump recently announced drastic punitive tariffs of up to 200% on EU products. The EU is preparing countermeasures, heightening fears of a further global economic slowdown. Investors are therefore increasingly fleeing into gold.
Ukraine conflict without progress
Diplomatic talks between US President Trump and Russian President Putin also failed to produce any tangible results. Uncertainty in the Ukraine conflict remains, which is also supporting the gold price.
Technical analysis: Further upward trend expected
On the chart, gold is in an intact upward trend. Support now lies at the recently overcome psychologically important USD 3,000 mark. On the upside, the next short-term resistance level is USD 3,038. If successfully overcome, prices of USD 3,100 and higher could soon be targeted.
Short-term outlook: Focus on the Fed and geopolitics
Over the next few days, investors will be focusing on tomorrow's Fed decision and further developments in the Middle East and Ukraine conflict. If the uncertainties remain or intensify, the gold price is likely to remain well supported and could reach new highs.
Dr. Mathias Kunze
Senior Consultant in Commercial and Tax Law
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