New Delhi, March 15 -- Gold prices touched a historic milestone, hitting USD 3,000 per ounce, reinforcing its role as a safe-haven asset during times of economic uncertainty.

According to John Reade, Senior Market Strategist at the World Gold Council, gold has consistently performed well in risk-off environments, climbing from USD 1,000 during the financial crisis to USD 2,000 amid the pandemic, and now surpassing USD 3,000 as global uncertainty intensifies.

He said, "Gold hitting US$3,000 per ounce is a significant milestone and reinforces the asset's safe haven role in times of uncertainty. From $1,000 during the financial crisis to $2,000 amid the pandemic, gold has proven to perform well in risk-off environments as well as deliverin...