Pretend gold bars piled up in Clermont-Ferrand France on March 25 2025.
Romain Costaseca | Afp | Getty Photos
Gold costs hit $4,000 for the primary time Tuesday as buyers search a protected haven from world volatility.
Gold futures have been final buying and selling at $4,005.80 per ounce. Costs have gained greater than 50% this yr as President Donald Trump upends the worldwide commerce system and threatens the independence of the Federal Reserve.
Central banks and retail buyers are shopping for gold at a powerful clip. Governments try to hedge in opposition to the danger of U.S. sanctions and customers are in search of property to guard in opposition to cussed inflation.
Financial institution of America urged buyers on Monday to method gold cautiously as costs have been heading towards $4,000. BofA warned purchasers that gold faces “uptrend exhaustion,” which may result in “a consolidation or correction” within the fourth quarter.
That is breaking information. Please refresh for updates.