DigitalBits USD Price & Performance (XDBUSD)

Gold prices have hit a new record high of $3,005 per ounce, driven by escalating geopolitical tensions and safe-haven demand. Recent conflicts, including attacks in the Red Sea and renewed trade tariff threats, have unsettled markets. Central banks, led by China, continue to bolster gold reserves, further supporting demand.12

Gold surged past the $3,000 mark, fueled by geopolitical instability and trade disputes. The US reaffirmed its stance against Yemen’s Houthis, adding to market unease. Strong central bank purchases and ETF inflows, particularly from China, have also contributed to the metal’s rise. Investors now await the Federal Reserve’s policy decision.13

Gold prices climbed above $3,000 per ounce for the first time, reflecting heightened investor caution amid geopolitical and economic uncertainties. Trade tensions and military conflicts have amplified demand for safe-haven assets. Central bank acquisitions, primarily from China, continue to play a pivotal role in sustaining gold's upward momentum.13