Gold broke through the key $3,000 barrier on Friday for the first time as investors piled on to a historic rally in the safe-haven asset to seek cover from economic uncertainty sparked by U.S. President Donald Trump's tariff war.

(Reuters) - Gold pierced through the psychological milestone of $3,000 an ounce on Friday for the first time, building on an historic rally as trade tensions and U.S. rate cut bets supercharge its appeal as a safe store of value. Spot gold was up 0.3% at $2,997.75 an ounce at 1115 GMT after hitting a record high of $3,004.86.

Gold is reaching its peak value of nearly $3,000 per troy ounce. Demand is skyrocketing and is sustaining longer than usual, lasting more than three m o n t h

Gold prices surpassed the $3,000 an ounce threshold for the first time in history on March 14 as investors moved into the safe-haven asset amid mounting uncertainty over the economy.

Gold crossed the remarkable milestone of $3,000 per ounce for the first time ever on Friday, solidifying its position as a safe haven asset in the middle of market uncertainties. Bullion gold has hit 13 new all-time highs so far this year and is on its way for a second consecutive week of gains.