Gold (XAUUSD) hits record high of $3,000, is it still worth buying?
On March 14, 2025, the price of the main contract of COMEX gold futures broke through $3,000/ounce for the first time, setting a record high. Although it fell slightly to around $2,993, this milestone event triggered heated discussions in the market about the future trend of gold. In the complex economic and geopolitical context, the safe-haven property of gold has been continuously magnified, but can its price continue to rise?
The US February CPI is coming!
In February 2025, the year-on-year growth rate of the US Consumer Price Index (CPI) slowed to 2.8%, lower than the previous value of 3% and the market expectation of 2.9%; the month-on-month growth rate was 0.2%, the lowest since October 2024. The year-on-year growth rate of the core CPI (excluding food and energy) fell to 3.1%, up 0.2% month-on-month, indicating that inflationary pressure has eased, but stickiness remains.
Gold (XAUUSD) can't break $3,000 . What will be the subsequent trend?
Recently, the price of gold once approached the psychological barrier of $3,000, which attracted widespread attention from the market as to whether it could break through this historic high. However, gold did not break through this barrier as expected by the market, but instead pulled back after approaching $3,000.