US EditionThe price of gold reached $4,000 an ounce for the first time ever
- Tuesday, gold futures surged, with prices hitting $4,000 and the December contract rising $28.10 to $4,004.40, a record high.
- Driven by a weaker dollar and central-bank buying, gold climbed roughly 51% this year as the U.S. government shutdown and Federal Reserve rate cut expectations boosted demand from investors seeking hedges.
- Flows into U.S. and global gold ETFs reveal record inflows as gold futures year-to-date performance rises about 50%, outperforming major stock indexes.
- Market gains translated quickly into higher miner stocks and renewed retail demand at Costco and bullion dealers, while jewelry owners and heirs sell gold amid officials warning of mercury poisoning from illegal mining.
- Goldman Sachs on Monday raised its December 2026 forecast to $4,900, citing central-bank accumulation, while billionaire investor Ken Griffin warned about asset inflation and moves to de-dollarize portfolios.
198 Articles
198 Articles
Gold hits fresh record above 4,000 US dollars
The price of gold has jumped more than 50% this year due to concerns over rising government debts, political instability and falling interest rates. Gold has rocketed to a new all-time high as investors flock to the safe-haven asset amid worries over global economic and political uncertainty. The precious metal raced above 4,000 US dollars (£2,987) an ounce for the first time, with its rally showing no sign of slowing. The price of gold has been…
The price of gold is rising to new heights. Since the end of 2024, the precious metal has increased by more than 50 percent.
The gold price has reached a new all-time high.
Gold hits $4,000 for first time as economic jitters, shutdown fuel record rally (XAUUSD:CUR:Commodity)
Spot gold prices surged past the $4,000-an-ounce mark for the first time, as mounting concerns over the U.S. economy and a prolonged government shutdown fueled a powerful rally.
Gold prices hit a record high of over $4,000 an ounce as investors rushed to buy safe-haven assets amid concerns about the economy, politics and the prolonged US government shutdown.
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