Firstpost LIVE: Gold Climbs Above $4,000 an Ounce for the First Time Amid US Shutdown | N18G
Gold prices have surged past $4,000 an ounce for the first time, marking one of the strongest rallies since the 1970s. The surge has been driven by a combination of domestic and global factors, including the ongoing U.S. government shutdown, expectations of Federal Reserve interest rate cuts, U.S. trade tariffs, a weakening U.S. dollar, and geopolitical unrest in West Asia, France, and Japan. Investors are flocking to gold as a safe-haven asset, while rising demand through ETFs and central bank purchases, especially from China, has further boosted prices. The rally highlights gold’s role as a hedge in uncertain times.Also on the show:
- Israel-Hamas War: Trump's Gaza Peace Plan Under Discussions For Day 3 in Egypt
- Trump Meets Carney in Oval Office, Jokes About US-Canada Merger
- UK PM Mark Carney Lands In Mumbai; To Meet PM Modi
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