Gold prices reached unprecedented heights as April futures broke the $2,900 per troy ounce mark for the first time in history, continuing a third consecutive session of record gains.
The gold market continues to benefit from lower U.S. Treasury yields and a weaker dollar, with gold prices trading near a three-week high above $2,750 an ounce.
Stable inflation and growing economic uncertainty in the U.S., accompanied by rising government debt, are boosting gold prices, which are approaching key resistance levels above $2,700 an ounce.
China played a key role in the gold market in 2024, with consumer demand and central bank purchases driving record prices in the first half of the year.