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The Guardian - UK
The Guardian - UK
Business
Joanna Partridge

Gold price tops $4,000 for first time as investors seek safe haven

Closeup of a pair of gloved hands holding gloved hands.
The price of gold has risen by more than 50% this year. Photograph: Andreas Gebert/Bloomberg via Getty

The price of gold has risen above $4,000 (£2,980) per ounce for the first time as investors continue to seek a safe place to put their money at a time of global political and economic uncertainty.

The spot price of gold – the real-time market value of gold and viewed as the global benchmark – had reached $4,031.54 by 8am in London on Wednesday morning, after climbing 1.2% during early trading.

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