Gold reaches $3,000 an ounce for the first time

Spot gold hit a record $3,004.71 an ounce as investors sought cover from the uncertainty caused by US tariffs. Gold had passed $2,000 during the covid pandemic.

Why it matters. A higher gold price lifts every producer’s margins and reserves, and so their value and their appetite for deals.

Source

MINING.COM

In the course

Module 4: Metal markets