ExclusiveGold Surpasses $3,000 per Ounce for First Time
484 Video Views·Mar 14, 2025
The price of gold on Friday exceeded $3,000 for the first time in history amid fears of
a global trade war triggered by President Donald Trump's tariff threats.
The ounce of gold rose 0.3% to $3,002.15 on Friday as of 6.15am EDT.
The safe haven asset has gained over 10% since Trump took office on January 20th.
Starting 2025 at $2,620, it has gained around $358 in value since the beginning of the year.
While the ounce price of gold rose around 27% in all of last year,
so far this year it has already gained around 14%.
Trump's 25% tariffs on all steel and aluminum imports took effect on Wednesday.
On March 4th, Trump also imposed 20% tariffs on China.
On Thursday, Trump also threatened to impose 200% tariffs on alcohol drink imports from the EU
unless the union withdraws a 50% tariff on American whiskey.