Reported 1 day ago
Gold prices have recently skyrocketed, surpassing $4,000 an ounce for the first time, marking a nearly 50% surge in 2025. This dramatic increase, reminiscent of gold's inflation-driven rise in the late 1970s, is raising alarms among Wall Street figures like Citadel's Ken Griffin, who fears it signifies dwindling confidence in the U.S. dollar and institutions. The surge is largely attributed to central bank buying, instability in the U.S. government, and increased demand for gold ETFs, prompting investors to shift away from dollars and explore precious metals and Bitcoin.
Source: YAHOO