Overview

• Gold prices reached an all-time high of $3,060.20 per ounce on March 20, 2025, with spot gold trading at $3,046.14.
• The Federal Reserve maintained interest rates between 4.25% and 4.50% but projected two rate cuts by the end of 2025.
• Inflationary pressures from U.S. tariffs and slower economic growth, with GDP forecasts downgraded from 2.1% to 1.7%, are boosting gold demand.
• Geopolitical tensions, including renewed conflicts in the Middle East, have further enhanced gold's safe-haven status.
• Gold-backed cryptocurrencies, such as Tether Gold and PAX Gold, have also gained over 16% year-to-date, reflecting the surge in gold prices.