Reported 2 days ago
Gold prices reached a record high of $4,326 per troy ounce this week, driven by rising economic anxieties due to a prolonged U.S. government shutdown and ongoing trade wars. As fears about inflation and job market instability grow, investors are flocking to gold as a 'safe haven,' leading to a nearly 60% increase in prices since the start of 2025. Silver also saw significant gains, up about 70%. Despite warnings about potential health and environmental impacts linked to increased gold mining, demand remains strong, with consumers looking to capitalize on precious metal investments.
Source: YAHOO