Spot Gold Hits Record $3,057.75/Oz! Gold Stocks Surge!

Lean Wei Ren.

Written on 28th March 2025.

Published on 28th March 2025.

Gold prices are on fire! Spot gold extended its rally, reaching an all-time high of $3,057.75 per ounce. As gold shines, gold mining stocks are also climbing:

• Coeur Mining (+4%)

• Harmony Gold (+2%)

• Barrick Gold & Gold Fields (+1%)

Why is gold soaring?

Goldman Sachs just raised its price target, now predicting gold will hit $3,300/oz by the end of 2025 (up from $3,100). They pointed to strong demand from central banks and investors pouring money into gold ETFs as key reasons.

📊 Gold vs. Stocks

Gold is up +15.6% year-to-date (YTD), while the S&P 500 is down -2.9%. This highlights gold’s role as a safe-haven asset during times of market uncertainty.

🏦 What’s next?

Bank of America believes gold could reach $3,500/oz in the next two years. If global uncertainty continues, gold might keep climbing!

What do you think? Is it time to add gold to your portfolio?

~ Beyond The World