Gold Surges Beyond $4,000: Catalysts of a Record-Breaking Rally
Gold prices have broken past $4,000 an ounce amid global economic instability and anticipation of U.S. interest rate cuts, outperforming other assets like equities and bitcoin. Several factors, such as geopolitical turmoil, U.S. government shutdown, central bank buying, and ETF inflows, have contributed to this historic rally.
In a historic milestone, gold prices surged past the symbolic $4,000 mark for the first time on Wednesday, as investors flocked to this traditional safe-haven asset amidst growing global economic unrest and speculated lower U.S. interest rates.
The rally in gold, up 54% year-to-date, comes in the wake of geopolitical tensions, delayed economic data due to the U.S. government shutdown, and sustained purchasing by central banks. Complementing gold's success, other precious metals like silver, platinum, and palladium saw notable gains.
With major crises in the Middle East and political unrest in areas like France and Japan, investor interest in bullion has intensified. Inflows into gold-backed exchange-traded funds reached record levels, prompting key analysts to predict continued resilience and price increases in 2026.
(With inputs from agencies.)
Google News