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Gold Surpasses $3,000: But Experts Warn of Correction Risks

Gold has reached a historic milestone of $3,000 per ounce, with futures hitting $3,007.50 and the SPDR Gold ETF closing at a record $275.13. Major financial institutions like J.P. Morgan, Goldman Sachs, and BlackRock remain bullish, with BNP Paribas forecasting prices to reach $3,100 in Q2 2025. However, investors should be cautious as the metal may be overvalued after setting numerous records this year and experiencing its best performance in over a decade, potentially making it vulnerable to corrections as early investors might sell to lock in profits.

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