AGE Daily Gold Update

AGE Daily Gold Update presents a recap on today's action in the precious metals markets. View archives.

3/18/2025: Gold surges to new record high

Source: Bill Musgrave, American Gold Exchange

Austin — New York spot gold surged 1.2% to close above $3,035 at another new all-time high as escalating turmoil in the Middle East and worries about Trump trade policies stoked safe-haven inflows. Bullion has now risen 15% so far this year and notched 14 new record highs. Silver jumped 1.5% to $34.58 an ounce.

Israel resumed bombardment of Gaza, launching military strikes on Hamas targets that reportedly killed 400 people. After a two-month ceasefire, the attacks risk plunging the region back into full-scale war.

Wall Street tumbled today, with the Dow and S&P 500 losing 0.5% and 1%, respectively, while the Nasdaq shed 1.5% on concerns that aggressive tariffs will push the US into recession. President Trump acknowledged the possibility but said it will be worth it to restructure the economy.

Benchmark 10-year Treasury yields slid further under 4.3% on the shift toward safety, supporting gold by decreasing the opportunity cost for holding it instead of bonds.

Tracking lower with yields the dollar slid 0.1% as the euro rallied on Germany's approval of a major spending program on infrastructure and defense.

Platinum and palladium slid 0.2% and less than 0.1%, respectively.

At the New York spot close; gold gained $35.10 to $3,035.10; silver rallied 51 cents to $34,.58; platinum dipped $2.10 to $1,002.60; and palladium edged down 45 cents to $973.60 an ounce.