Gold Price Surpasses $2800 per Ounce: $3000 is Within Reach
January 30, 2025. Today, gold has reached a new all-time high by surpassing the threshold of $2,800 per troy ounce. During the day, the price of gold even hovered around $2,850 per ounce, indicating a strong upward trend. Investors and analysts speculate that it is only a matter of time before gold surpasses the psychological threshold of $3,000 per troy ounce.
What’s Driving the Rise in Gold Prices?
The key factors influencing the current rise in gold prices include:
- Geopolitical uncertainty – global conflicts and tensions increase demand for safe-haven assets;
- Inflationary pressures – rising inflation encourages investors to seek protection in gold;
- Central bank policies – expectations of lower interest rates weaken currencies and strengthen precious metals;
- Central bank purchases – countries continue to increase their gold reserves;
- Declining confidence in the dollar – investors seek alternatives to traditional currencies.

Figure 1: Big Gold Nugget (source: Craiyon)
$3,000 per Ounce of Gold: Just a Matter of Time?
At the current pace of gold price growth, reaching $3,000 per troy ounce is becoming increasingly likely. If economic uncertainties, rising national debts, and inflation risks persist, gold could surpass this symbolic threshold sooner than many expect, possibly even this year.
Gold price movements are closely watched by investors worldwide, who see it not only as a store of value but also as an asset with strong growth potential.
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Based on the original Czech article: Cena zlata pokořila rekord z prosince 2023.