On March 18th local time, the international gold price closed at a new historical high. COMEX gold futures rose 1.18% to $3041.7 per ounce, up more than $30 from the previous day and breaking through the $3040 mark for the first time. Spot gold also rose 1.13% to a record high of $3034.34 per ounce. International precious metal futures generally closed higher, with COMEX silver futures up 1% at $34.65 per ounce. According to a research report by Huishang Futures, recent economic data shows that US consumer confidence has deteriorated, inflation expectations have risen, and coupled with President Trump's unpredictable tariff policies, market concerns about a US economic recession are increasing. In addition, the escalation of tensions in the Middle East further highlights the safe haven appeal of gold. Since the beginning of this year, the price of gold has risen by over 15%. Goldman Sachs recently significantly raised its gold price forecast for the end of 2025, expecting the price to reach $3100 per ounce by the end of 2025, higher than the previous forecast of $2890 per ounce. (New Society)