At 10, March 14 -- Gold surpassed the $3,000-an-ounce mark for the first time on March 14, extending its record-breaking rally as economic uncertainty, trade tensions, and expectations of US interest rate cuts drive demand for the safe-haven asset, media reports said.

15 GMT, spot gold rose 0.4% to $3,000.87 an ounce, while US gold futures gained 0.7% to $3,013.60, Business Today reported.

What's fuelling gold's surge?

Gold has hit 13 all-time highs this year, maintaining its upward trajectory for a second consecutive week.

The rally is being propelled by concerns over inflation, Federal Reserve policies, and geopolitical tensions.

Even with a recent encouraging inflation reading, market volatility continues to strengthen gold's appe...