Gold price hits new record over $2,791

By Jike Eric

Published: Jan 30, 2025 10:32 AM ET

Source: Pixabay

The price of gold reached a new record on Thursday, driven by uncertainty surrounding US President Donald Trump’s economic policies and a weaker dollar following a disappointing US growth report.

At around 15:25 GMT, gold was trading at $2,789.94 per ounce, according to BullionVault, shortly after briefly surpassing $2,791 and breaking its previous record of $2,790.10 set in late October.

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ByJike Eric

Jike Eric holds a degree in Chemical Engineering and writes about science and technology. His coverage includes breaking and emerging science stories, technology news, industry developments, consumer tech, and practical tech guides. He focuses on explaining complex topics clearly while highlighting the developments, products, and trends that matter to readers.