The price of gold has reached $2,990 an ounce, hovering near its record high, due to concerns over persistent economic growth in the US. A Republican spending plan was passed by the Senate, paving the way for a government funding package and alleviating fears of a shutdown. Despite this, gold remains above $3,000 an ounce, as investors continue to weigh the impact of growing US economic activity on the metal’s value.
Source: https://www.bloomberg.com/news/articles/2025-03-17/gold-hovers-near-record-as-us-growth-concerns-fan-haven-demand