10/07/2025

For the First Time, Gold Price Reaches $4,000 an Ounce

Investors are seeking a safe haven from a weakened dollar

Gold prices hit $4,000 for the first time ever Tuesday as investors seek a safe haven from a weaker dollar, geopolitical volatility, economic uncertainty and stubborn inflation.

Gold futures were last trading at $4,005.80 per ounce. Prices have gained more than 50 percent this year as the U.S. dollar index has dropped 10 percent and President Donald Trump upends the global trade system and threatens the independence of the Federal Reserve.

Central banks and retail investors are buying gold at a rapid pace. China and other countries are diversifying away from U.S. Treasurys and into gold after Washington imposed stiff sanctions on Russia over its invasion of Ukraine in 2022, and retail investors are looking for protection against inflation.

Please select this link to read the complete article from CNBC.