Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Precious Metal»Gold prices hit new record high on Wednesday
    Precious Metal

    Gold prices hit new record high on Wednesday

    March 18, 20252 Mins Read


    Gold prices continue to rise to new highs at the opening of the markets in Dubai on Wednesday due to the trade war and tension in the Middle East pushing precious metal to above $3,035 per ounce.

    The Dubai Jewellery Group data showed 24K rising by Dh0.75 per gram to Dh366 in Dubai on Wednesday morning. Similarly, 22K jumped to Dh338.75, 21K to Dh324.75 and 18K to Dh278.5 per gram.

    Stay up to date with the latest news. Follow KT on WhatsApp Channels.

    Globally, gold was trading at $3,039.78 per ounce, up 0.23 per cent.

    George Pavel, general manager at Naga.com Middle East, said gold continues its strong momentum, reaching new historical levels and increasing its appeal as a favourable asset in current markets.

    “The precious metal has reached the psychological $3,000 per ounce level, setting fresh all-time highs. The yellow metal is experiencing sustained demand as institutional and retail investors rush into the market. The metal saw strong performance over the last week, continuing its robust 2025 run, with year-to-date gains now exceeding 14 per cent. This surge has reaffirmed gold’s status as a safe-haven asset and as a growth vehicle in times of volatile economic conditions,” said Pavel.

    He added that several interconnected reasons are behind gold’s performance. “While the pending Federal Reserve rate decision towers over markets, traders expect monetary policy to favour non-yielding assets such as gold in the long run. Inflation data has been more subdued, triggering speculation on the scope of rate cuts that traditionally underpin gold prices. In addition, ongoing global economic uncertainties and escalating tariff wars have stoked safe-haven demand,” said Pavel.

    Waheed Abbas

    Waheed Abbas

    Waheed Abbas is Assistant Editor, covering real estate, aviation and other business stories that dir…More



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Kamoa Copper lance un centre d’excellence pour former des ingénieurs locaux

    Precious Metal

    Koryx Copper lève 10 millions de dollars via un placement d’actions souscrites

    Precious Metal

    Un duel “Next Gen” au premier tour du FIP Silver de Narbonne !

    Precious Metal

    Ero Copper rétrogradée à « performance sectorielle » par la Banque Nationale du Canada

    Precious Metal

    forages sur le site de Boumadine

    Precious Metal

    Investors are searching for the next gold. Don’t get burned.

    Precious Metal
    Leave A Reply Cancel Reply

    Top Picks
    Precious Metal

    Wanguo Gold Group Limited approuve le dividende final pour l’exercice clos le 31 décembre 2024

    Cryptocurrency

    Bitcoin Rises Above $57,000, Ripple Becomes Biggest Gain

    Stock Market

    3 No-Brainer Dividend Stocks to Buy With $200 Right Now

    Editors Picks

    How the AI rush is reshaping electric utilities

    June 2, 2025

    émission obligataire liée au développement durable

    May 21, 2025

    Middle East Issued $16.7 Billion in Sustainable Bonds from January to September 2024: S&P Global Ratings

    October 16, 2024

    Silver Viper annonce un nouveau placement privé simultané

    June 19, 2025
    What's Hot

    Roundhill Investments Announces XDTE and QDTE Distributions for August 9, 2024

    August 8, 2024

    Dow futures down 100 points ahead of Trump tariffs; Shell Q2 profit hit

    July 7, 2025

    CBSL warns public against misleading overseas property investment ads – The Island

    June 20, 2025
    Our Picks

    LBCC breaks ground on $14 million agricultural center

    May 28, 2025

    Metal Attack, groupe de Pontivy, sera sur la scène de ce festival de métal du Morbihan ce week-end

    February 12, 2025

    Four Corners Property Trust acquiert des restaurants pour 14,7 millions de dollars

    June 25, 2025
    Weekly Top

    This 6.1% Monthly Dividend Stock is a Cash Flow Machine

    July 9, 2025

    Pakistan plans digital currency pilot

    July 9, 2025

    RBA pushes ahead with stablecoin and digital currency trials — Capital Brief

    July 9, 2025
    Editor's Pick

    Sen. JD Vance speaks on tax cuts, stronger border control, energy policies in Atlanta

    October 26, 2024

    ASX Dividend Stocks GWA Group And 2 More Top Picks

    March 23, 2025

    Ocho Investments sollicite les procurations des actionnaires de Digimarc Corporation

    April 17, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.