On the morning of March 18th in the Asian market, spot gold continued its strong performance, trading at $3002.15 per ounce, fluctuating above the $3000 integer level. On Monday (March 17th), gold prices closed up 0.43% at $3000.83 per ounce, marking the first time in history that they closed above $3000. The intraday high reached $3004.97 per ounce, breaking a record high. This breakthrough is mainly driven by multiple factors such as weak US retail data, tense geopolitical situation, and rising expectations of interest rate cuts by the Federal Reserve.