Gold Prices Surge to Record $3,000 Amid Geopolitical Tensions and Economic Uncertainty, Forecasts Suggest Further Rise to $3,300 by June

Gold prices have soared to a record $3,000 per ounce, driven by geopolitical tensions, including the war in Ukraine, Middle East airstrikes, and South China Sea tensions, according to market data from March 18. Trump's tariffs on Canada and Mexico have weakened the dollar, further increasing gold's appeal as a safe haven. The value of bullion has risen 15% year-over-year. Experts at deVere Group predict a potential rise to $3,300 by June. Saxo Bank analysts suggest a possible consolidation phase after this surge. Central banks' increasing gold reserves and demand from China and India also influence prices. Despite potential short-term fluctuations, the outlook for gold remains positive due to economic uncertainty.