Gold hits record high, breaking past the $3,000 mark

$3,000

Gold surged to a record high this morning, breaking past $3,000 an ounce for the first time. Following a 27% surge in 2024, gold prices are up 14% this year as investors have sought a safe-haven asset amid a tariff-induced stock market slide, which has seen the SPDR S&P 500 Trust slip into correction territory. Per Bloomberg, central banks have contributed to the rally, having ramped up gold purchases.

Gold has a track record of holding — or even gaining — value during economic turmoil. It crossed $2,000 during the pandemic and $1,000 during the 2008 financial crisis. Last month, Goldman Sachs raised its year-end gold forecast to $3,100, reversing its earlier prediction that the precious metal wouldn’t hit $3,000 in 2025.

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Luke Kawa3h

US gas prices surge, with prediction markets implying >$4 per gallon by the end of March

Pain at the pump is intensifying as the ongoing war in the Middle East pressures supplies.

US average national gas prices rose to $3.45 per gallon on Sunday, according to data from the American Automobile Association, and are up more than 15% since the kinetic conflict started.

“Given Sunday evening’s data and the continued surge in oil prices, I believe there is roughly an 80% chance the national average price of gasoline reaches $4 per gallon within the next month- or sooner,” wrote Patrick De Haan, head of petroleum analysis at GasBuddy, in a post on Substack on Sunday evening. “In the immediate term, the national average of $3.45 per gallon could climb to roughly $3.75–$3.95 this week alone.”

Prediction markets currently expect prices to end the month around $4.30 to $4.50. On Friday, the prediction market-implied likely range for prices was between $3.60 and $3.70.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

Luke Kawa

Stock futures tumble as war drives oil above $100 for the first time since 2022

The Mideast war is causing escalating damage to oil supplies.

Fire breaks out in Shahran oil depot following US and Israeli attacks in Tehran

Tasha Matsumoto

3/6/26

Stocks sink on weak jobs data and soaring oil prices

Stocks struggled after a big negative surprise from the February jobs report. Additionally, the Qatari energy minister warned of a potential spike in oil prices to $150 a barrel within weeks.

GREEN BAY, WISCONSIN - DECEMBER 07: Caleb Williams #18 of the Chicago Bears walks off the field after a loss to the Green Bay Packers at Lambeau Field on December 07, 2025 in Green Bay, Wisconsin. (Photo by John Fisher/Getty Images)

Luke Kawa

3/6/26

Oracle drops after report that it and OpenAI scrapped plans to expand a data center site in Texas

Nvidia helped line up Meta as a new tenant for the location.

Stargate AI data center in Abilene Texas

Max Knoblauch3/6/26

Report: Boeing could unveil 500-jet order from China during Trump’s visit later this month

Shares of Boeing are up nearly 4% on Friday afternoon, following a Bloomberg report that the company could be close to finalizing a deal to sell 500 planes to China.

The deal was first reported in August and would be one of Boeing’s largest ever.

According to Bloomberg’s sources, the deal could be officially unveiled when President Trump travels to China at the end of the month. That trip could be delayed given the war in Iran. The deal, sources say, could still fall apart — similar language to when it was first reported on more than six months ago.

Boeing has been on the outside of the Chinese market, in terms of new orders, since 2019 amid escalating US-China trade tensions.

Boeing Close to 500-Jet Order With Trump-Xi Summit

Boeing has been on the outside of the Chinese market, in terms of new orders, since 2019 amid escalating US-China trade tensions.

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