Gold prices fired. Historical records

Prices of gold rape are rising. On Friday, March 14, for the first time in history exceeded the level of 3,000. dollars per ounce. On Tuesday, March 18, another record was broken.

“In March, gold gained 5 percent in Dollara, from the beginning of the year 13.8 percent, on a scale of 12 months 38.8 percent, and in five years – as much as 102 percent.” – lists “Bankier.pl”.

The current price of 1 g of gold (in the 1000 sample), calculated on March 19 by the National Bank of Poland (NBP), is PLN 371.14.

Why are gold prices rising?

The increase in gold prices is primarily due to the weakening of the dollar and the new US customs policy. “The duties of the US President Donald Trump played a significant role in raising the demand of gold. The global trade war, which shook the financial markets and caused concerns about recession, intensifies, and Trump on Thursday threatened to apply a 200 % duty on the import of alcohol from Europe,” writes Business Insider.

Economist: “Gold is resistant to everything”

“Gold is not anyone’s commitment and therefore it is not charged with credit risk. It is also not dependent on the economic policy of any country. The above factors mean that this ore shows resistance to turmoil on global financial markets. What’s more, it is treated even as the so -called safe marina (Safe Haven Asset)” Introduction of NBP’s foreign exchange reserves. ” As experts from the NBP emphasize, the value of gold usually increases when the risk of extraordinary events increases.

– Gold is a specific commodity, an investment tool. It is extremely resistant to everything. Both for economic and political turmoil. It will always have value – said in the “More World” broadcast at the Polish Radio, economist prof. Witold Orłowski.

Who has the most gold?

“Central banks in the world have a total of over 30,000 tons of gold,” NBP informs. The leader of this ranking is the United States, which can boast of over 8,000 tons of gold. Next in order are Germany from 3.4 thousand. tons, followed by Italy, France, Russia and China – each of these countries has over 2,000 tone. Poland ranks 13th among central banks around the world and 7 among European central banks. Gold resources belonging to the NBP exceed the reserves of Portugal, which has 383 tons, Great Britain with 310 tons and Spain, whose resources are 282 tons. “In the years 2018-2025, Polish gold resources were increased by over 345 tons and at the end of December 2024 were 448 tons,” we read in the NBP report.