Reported about 21 hours ago
Gold prices have soared past $4,000 an ounce for the first time, driven by worries over the US economy and a government shutdown. This marks a significant increase, with gold having traded below $2,000 two years ago. Factors contributing to the surge include heightened geopolitical tensions, central banks actively purchasing gold, and a shift in investor preferences towards safer assets amid concerns about market volatility. Analysts predict that the current trend of rising gold prices could continue as economic pressures mount, potentially reaching $4,500 in the near future.
Source: YAHOO