Gold rallies to all-time highs over $3,000 on geopolitical shocks, tariffs
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Gold prices have surged to an all-time high of $3,038 due to geopolitical tensions and upcoming US tariffs. Traders are also focused on the Federal Reserve's monetary policy decision.
March 18, 2025 | 11:15 pm
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POSITIVE IMPACT
The SPDR Gold Trust ETF (GLD) is likely to see a positive impact as gold prices hit a record high of $3,038 due to geopolitical tensions and US tariff concerns.
GLD, being a gold-backed ETF, directly benefits from rising gold prices. The current geopolitical tensions and tariff concerns have pushed gold to record highs, which is likely to positively impact GLD's price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 80