Gold Above $3,000

The spot price of gold has surpassed $3,000 per troy ounce for the first time today, reaching approximately $3,002.15, driven by investors seeking a safe-haven asset.

gold bars

As gold moves up to new records, Wall Street analysts have rushed to raise their price targets, with the latest call from Macquarie Group predicting the precious metal will touch $3,500 in the third quarter. (more…)