Reported 1 day ago
Gold has surged to just under $4,000 an ounce, driven by the ongoing US government shutdown, wobbles in tech stocks, and geopolitical turmoil in Japan and France. With December futures now surpassing $4,000 for the first time, demand for gold has increased due to fears surrounding the US dollar and a significant rise in purchases from central banks. Experts warn that while the rally may continue, profit-taking from speculators could soon occur.
Source: YAHOO