Safe-Haven Gold Rises Above $3,000 for the First Time
(Reuters) - Gold pierced through the psychological milestone of $3,000 an ounce on Friday for the first time, building on an historic rally as trade tensions and U.S. rate cut bets supercharge its appeal as a safe store of value. Spot gold was up 0.3% at $2,997.75 an ounce at 1115 GMT after hitting a record high of $3,004.86.
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Gold surged past $3,000 an ounce for the first time, driven by trade tensions, recession fears, and Fed rate cut bets.
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