Gold prices hit new all-time highs on March 13, 2025, and here’s why:

Global Demand

Gold remains the go-to safe-haven asset during economic uncertainty. Strong market trends and expectations of further monetary easing, especially by the Federal Reserve, have amplified demand.

Inflation Data

US inflation slowed more than expected. The CPI dropped to 2.8% in February (forecast: 2.9%), and Core CPI fell to 3.1%, the lowest since April 2021. This supports the possibility of interest rate cuts, favoring gold.

Weaker USD

A weaker US dollar made gold more affordable internationally, driving up demand.

Technical Breakouts

Gold’s consistent moves above key resistance levels fueled additional buying pressure.

Trade Tensions

Ongoing trade disputes and tariff uncertainties encouraged investors to seek safe assets like gold.

Current Price Level

Gold’s price reached $2,972 today with significant volume, pushing toward the psychological level of $3,000. This aligns with weaker-than-expected Core PPI (-0.1% vs. 0.3% forecast) and flat PPI (0.0% vs. 0.3% forecast), signaling cooling price pressures.