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Gold continues to demonstrate remarkable strength in early 2025, trading near record levels while the U.S. dollar faces mounting pressure. The precious metal reached an unprecedented closing price of $2,957 per ounce on Thursday, February 13, marking a significant surge from its December position of $2,600.

March 6 (Reuters) - Gold prices dipped on Thursday due to rising U.S. Treasury yields and profit-taking, while market attention turned to Friday's payrolls data for insights into the Federal Reserve's monetary policy move.

The gold market continues to drive toward $3,000 an ounce and it remains the standout asset in a world filled with economic uncertainty and geopolitical turmoil, according to one fund manager.

Spot gold eased 0.1% to $3,017.49 an ounce as of 0535 GMT. U.S. gold futures fell 0.2% to $3,021.30.

Gold prices are struggling to hold support at $3,200 as significant profit-taking has triggered the largest selloff of the precious metal in five years. However, some analysts say that this correction shouldn't come as a surprise, given the substantial rally in prices both this year and over the past 12 months.

Spot gold gained 0.5% to $3,256.85 an ounce, as of 0416 GMT. U.S. gold futures rose 0.7% to $3,265.10.

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