--- title: Gold Prices Can't Stop Breaking Records — Even as Stocks Slump description: Gold prices hit new highs as the stock market slips, fueled by inflation concerns and economic uncertainty. authors: - name: Martha C. White role: Writer url: https://money.com/author/martha-c-white/ education: BA, English, Princeton University at_money_since: 2015 articles: 350 covers: - Investing - Banking - Business - Career Advice - Credit - Credit Cards - Debt - Economy and Politics - Education - Federal Reserve Rate Cuts - Health and Wellness - Housing - Identity Theft - Insurance - Lifestyle - Loans - Mortgages - Personal Finance - Professional Services - Retirement - Shopping - Taxes - Technology editors: - name: Katherine Peach role: Associate Editor url: https://money.com/author/katherine-peach/ bio: Katherine Peach is an associate editor with a focus on news and email at Money. She didn’t always intend to write about money. She’s a classically trained pianist who dreamed of becoming an archaeologist. However, in 2007 Katherine began working in financial publishing as an editor for Agora Inc. (Apparently, unearthing ideas about improving your personal finances isn’t such a bad career alternative!) Katherine’s writing and editing work has been featured in Investing Daily, Clever, Investor Junkie, The Palm Beach Letter, Truth & Plenty, Independence Monthly, NICHE, AmericanStyle, AntiqueWeek, Millennial Money, Money Done Right, TheStreet, Sure Dividend and many others. Katherine holds a Bachelor of Arts in Ancient Studies with concentrations in Archaeology and Ancient Languages and a minor in Literature from the University of Maryland, Baltimore County. She is a member of Phi Beta Kappa. education: University of Maryland, Baltimore County at_money_since: 2025 articles: 14 covers: - Investing - Banking - Career Advice - Credit - Credit Cards - Debt - Economy and Politics - Education - Federal Reserve Rate Cuts - Health and Wellness - Housing - Identity Theft - Insurance - Lifestyle - Loans - Mortgages - Personal Finance - Professional Services - Retirement - Shopping - Taxes published: '2025-03-20T16:23:49.000Z' modified: '2025-03-21T18:47:44.000Z' section: Investing tags: - News word_count: 706 canonical: https://money.com/why-gold-keeps-breaking-records/ type: NewsArticle source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![Ascending arrow pushing a gold coin upward](https://img.money.com/2025/03/News-Gold-All-Time-High2.png) As the saying goes, “What goes up must come down,” but if you’ve been checking out the price of gold lately, you might think this axiom doesn’t apply to the precious metal. On Wednesday, spot gold hit another all-time high, reaching $3,061.60 per ounce before dropping slightly to settle at $3,057.50 by the end of the trading day. Over the past year, gold prices have shot up by roughly 40% — a remarkable rally that (for the moment, at least) shows no signs of slowing down. Just since the start of 2025, it has risen nearly 15%. As recently as January, experts predicted that gold *might* reach the symbolically significant threshold of $3,000 an ounce by the end of the year. In reality, it only took until March 14 to hit that benchmark. It's continued to tick upward in the days since. ## Make sure your hard-earned money is protected with a Gold IRA ### Gold IRAs help you protect your investments by providing the asset diversification and stability you need. Click on your state to get started. [Invest in Gold](https://money.com/pr/i29c6a119361?ap_referrer=%2Fwhy-gold-keeps-breaking-records%2F) “Gold is grinding higher on elevated uncertainty,” metals trader Tai Wong told [Reuters](https://www.reuters.com/markets/commodities/gold-hovers-near-record-high-safe-haven-demand-fed-decision-focus-2025-03-19/). What’s propelling the yellow metal to each fresh new record it notches? In a word, uncertainty. With the Trump administration’s trade policy changing seemingly by the hour, stubbornly persistent inflation and concern that tapped-out — and freaked-out — Americans are keeping their wallets closed, investors are facing a perfect storm of economic uncertainty. In their hunting for a safe harbor, it seems many are turning to gold, perhaps the oldest and most enduring safe-haven asset. When economic or geopolitical conditions get bumpy, investors flock to gold because of its perceived stability compared to the volatility of stocks or commodities. Gold also is often held as a hedge against inflation, another contributor to its current popularity. While inflation has certainly cooled from the 9.1% peak rate it hit in June 2022, it remains higher than officials — not to mention ordinary consumers — like to see. What’s more, policymakers just sent their clearest signal yet to the market that they expect inflation to remain uncomfortably high through 2025. On Wednesday, the Federal Reserve’s rate-setting committee released its quarterly economic projections, which [showed](https://www.federalreserve.gov/monetarypolicy/files/fomcprojtabl20250319.pdf) that officials now expect so-called core inflation to increase at an annualized rate of 2.8%. That’s up from a projection of 2.5% officials released just three months ago and nearly a full percentage point higher than the central bank’s 2% target. ## Trump’s trade wars take gold higher If “uncertainty” is the word that best sums up the engine powering gold’s recent rise, the second-most-important word of explanation would be one that’s been in a lot of headlines lately: tariffs. Aggressively protectionist trade policies being pursued vigorously, and sometimes chaotically, by the Trump administration are driving much of the gloomier outlook around inflation and economic activity. In addition to raising steel and aluminum tariffs to 25%, raising tariffs on Chinese imports and levying 25% tariffs on Canadian and Mexican [imports](https://money.com/trump-tariff-plans-ceos/) (with some exceptions), President Donald Trump and White House officials have announced a new raft of trade sanctions, unprecedented in size and complexity, currently scheduled to take effect April 2. These “reciprocal tariffs” would attempt to capture not just what tariffs other countries levy on U.S. imports, but a host of other policies the administration claims hurt the U.S. Secretary of the Treasury Scott Bessent said on [Fox Business](https://www.foxbusiness.com/media/some-of-the-worst-us-trading-partners-are-coming-to-the-table-treasury-secretary-bessent-says) that trading partners would face a “tariff wall” if they did not agree to negotiate terms the administration finds more favorable. But nobody really knows what that looks like. “We all await further clarity on the feed-through effects of trade policy right now,” Elyse Ausenbaugh, head of investment strategy at J.P. Morgan Wealth Management, said in a statement Wednesday. Despite this lack of visibility, economists across the political spectrum warn that tariffs will worsen inflation by driving prices paid by American businesses and consumers higher. Expectations that these policies could hurt economic growth have also driven down the value of the dollar. Gold and the dollar typically move inversely to each other; a weak dollar tends to be correlated with robust gold prices, and vice-versa. Ultimately, when Wall Street is jittery, gold is what sparkles in investors’ eyes. ### Top Precious Metals Company on Inc. 5000 ![Invest in Gold](https://s3.consumersadvocate.org/prd/image/image/19305/medium_414558a1-29d4-465e-b5d1-921febc39ed2.png) Our Partner [Invest in Gold](https://money.com/go/f67659c56aa1?bidid=4055827499&pmeta=p129-c736-u23969&ptid=665000003&ptoken=1ce97c1264dcab40dc25e28b6fa36b7b) ### Endorsed by Robert Kiyosaki — Up to $25K in FREE Silver on Qualifying Purchases ![Invest in Gold](https://s3.consumersadvocate.org/prd/image/image/24353/medium_69e2748f-b29f-4686-895b-4e103b4d0c3e.png) Our Partner [Invest in Gold](https://money.com/go/6d6a4ac9aed2?bidid=4055827500&pmeta=p129-c736-u23969&ptid=665000003&ptoken=2b2464909fb14ff996e92364668ae8d9) ### Qualify for up to 10% in FREE silver ![Invest in Gold](https://s3.consumersadvocate.org/prd/image/image/21155/medium_2ce64332-874c-41c0-a3b9-7f738e834f1c.png) Our Partner [Invest in Gold](https://money.com/go/2b72259827a8?bidid=4055827498&pmeta=p129-c736-u23969&ptid=665000003&ptoken=d60bef666daca4c3e64d6ce31da5ea49) ![](https://s3.consumersadvocate.org/prd/image/image/19305/medium_414558a1-29d4-465e-b5d1-921febc39ed2.png) American Hartford Gold can help you take control of your financial future [Invest in Gold](https://money.com/pr/cdf8db27d320?ap_referrer=%2Fwhy-gold-keeps-breaking-records%2F) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/why-gold-keeps-breaking-records/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Investing", "item": "https://money.com/investing/" }, { "@type": "ListItem", "position": 3, "name": "Gold", "item": "https://money.com/gold/" }, { "@type": "ListItem", "position": 4, "name": "Gold Prices Can't Stop Breaking Records — Even as Stocks Slump" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/why-gold-keeps-breaking-records/#webpage", "url": "https://money.com/why-gold-keeps-breaking-records/", "name": "Gold Prices Can't Stop Breaking Records — Even as Stocks Slump", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2025-03-20T16:23:49.000Z", "mainEntity": { "@id": "https://money.com/why-gold-keeps-breaking-records/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/why-gold-keeps-breaking-records/#breadcrumb" }, "dateModified": "2025-03-21T18:47:44.000Z" }, { "@type": "NewsArticle", "headline": "Gold Prices Can't Stop Breaking Records — Even as Stocks Slump", "articleSection": "Investing", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2025/03/News-Gold-All-Time-High2.png", "width": 957, "height": 639, "caption": "News-Gold-All-Time-High" } ], "author": [ { "@type": "Person", "name": "Martha C. 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