He gold price surpassed $4,000 per ounce for the first time on Wednesday, amid investor concern over numerous issues, such as the US government shutdownwhich led them to seek this safe haven.
The precious metal was priced at $4,001.11 per ounce at 02H00 GMT in Asian morning trading, up more than 50% so far this year.
– Golden rise –
Investors have turned to gold in anticipation of a rate cut of interest in the United States, the political turbulence in France and the global economic uncertainty.
Used in the jeweler’sthe industry or as reserve assetgold has always represented a “refuge value“par excellence because it retains its intrinsic value.
- The yellow metal exceeded the limit of $2,000 per ounce in August 2020in the middle of the covid-19 pandemic.
“The numbers speak for themselves, gold had already risen strongly in 2025 and is heading for its third consecutive year of double-digit gains,” he said. Stephen Innes from the management company SPI Asset Management.
