US EditionGold zooms past US$4,000 for first time in historic flight to safety
Gold price has risen over 50% this year as central banks bought 15 tonnes in August and investors seek protection amid economic and geopolitical uncertainty.
- On Wednesday, global investors pushed gold past $4,000 an ounce for the first time, marking another powerful leg in gold's multi-year rally during London trading.
- Fed fund futures implying 95% probability of a cut signalled growing rate-easing expectations as questions about U.S. Federal Reserve independence pushed global investors toward gold this month.
- Bullion-Backed exchange-traded funds recorded their largest monthly inflow in more than three years in September, and the metal climbed as high as $4,040.41 in London trading.
- This year, gold has gained more than 50% as investors rebalance portfolios, with billionaire investor Ray Dalio recommending allocations up to 15 percent to hedge uncertainty.
- Goldman Sachs projects an average of $4,900 by December 2026, though analysts warn levels above $4,000 may be challenged if the Dollar rebounds.
21 Articles
21 Articles
Why gold is at an all-time high
Gold is in the middle of what looks like an unstoppable bull run. It has already punched through $4,000 an ounce. At the rate the price is rising, it may well go to $5,000 within a few weeks, and perhaps even $6,000 as the next year unfolds. There have been lots of different explanations for this, from the looming collapse of the dollar, to secret Chinese buying, to the conspiracy theories circulating on the wilder fringes of the internet, such …
Since the turn of the year, the price of gold has increased by over 50 percent.
Channel News Asia
The Korea TimesGold shatters $4,000 milestone as investors rush to safety
Gold surged past the $4,000 an ounce level for the first time on Wednesday, building on a record-breaking rally as broader geopolitical and economic uncertainty, as well as expectations of U.S. interest rate cuts sent investors flocking to the safe-haven asset. Spot gold was up 1.5 per cent at $4,041.71 per
Gold zooms past US$4,000 for first time in historic flight to safety
Gold raced past US$4,000 an ounce for the first time on Wednesday as investors piled into a historic rally in the safe-haven asset to hedge against global economic and geopolitical uncertainties, while also betting on U.S. interest rate cuts
The price of gold exceeded $4,000 per ounce (a unit of mass of precious metals, 28.3 grams) today for the first time in history, as investors invested en masse in this "safe haven" to protect themselves from global economic and political uncertainties.
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