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Investments Market jitters drive gold price to record high
The Guardian
|April 23, 2025
Gold has climbed above $3,500 an ounce for the first time while stocks on Wall Street and the dollar rose following Monday's sell-off which was prompted by Donald Trump's blistering attack on the Federal Reserve chair, Jerome Powell.
Spot gold reached the record price of $3,500.01 (£2,615) yesterday, extending a rally that has pushed bullion up from $2,623 an ounce at the start of this year. Analysts now predict the metal could even reach $4,000, only a matter of weeks after the price moved through $3,000 for the first time.
The US currency and its government debt are usually seen as a safe haven during times of market turmoil, but as the US itself has caused much of the recent volatility investors have been turning to gold in large numbers.
Bu hikaye The Guardian dergisinin April 23, 2025 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
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