Gold Breaks $3,000
Gold has reached a historic milestone, breaking the $3,000 per ounce mark for the first time in its long history. As of March 14, 2025, the price of gold officially hit $3,001.08, marking a significant increase from its value of $2,063.73 in January 2024. The price has remained near or over the $3,000 mark over the weekend and going into today, March 17th. This represents a 45% rise in just over a year. Silver has also seen significant increases, nearing the $34 mark, up around 40% from where it was in January 2024.
Meanwhile, the stock market continues to face challenges. The S&P 500 has entered correction territory, down more than 10% from its recent highs. The Dow Jones Industrial Average has also seen significant losses, dropping nearly 550 points in recent trading sessions.
The surge in gold prices comes amid ongoing economic uncertainty, geopolitical tensions, and concerns over inflation. As President Trump continues to make sweeping changes to the US government’s internal and foreign policy, investors are uncertain where we are going next. Regardless of your agreement with the changes being made, change is unpredictable, and the stock market tends to decrease when the world is unpredictable. Uncertainty usually leads to people pulling out of the stock market and keeping their wealth as cash or putting it into a safe haven asset. The safe-haven asset with the best track record continues to be gold.
With concerns over the future, gold remains the best place to keep your wealth safe. As a tried-and-true hedge against uncertainty, gold continues to shatter price levels once deemed unattainable. It was not long ago that gold breaking the $3000 mark seemed like a faraway dream for precious metal investors. Whether you’re looking to preserve wealth, diversify your portfolio, or safeguard against market turbulence, gold has and continues to prove its worth as a reliable investment.
