Reported 1 day ago
Gold prices have hit $4,000 per ounce for the first time, driven by strong investment demand amidst geopolitical tensions and anticipated interest rate cuts from the Federal Reserve. This record price reflects a 51% increase this year, fueled by central bank purchasing, demand for gold-backed ETFs, and concerns over inflation. Experts predict further increases in gold's value as investors seek safety from a weakening dollar.
Source: YAHOO