- Gold surged past $4,000 an ounce, up 50% this year, driven by investor fears over government debt, a weaker dollar, a buying spree by China’s central bank, and concerns the AI stock boom may collapse. With the U.S. shutdown set to continue, investor uncertainty is likely to push the price higher still.
Gold broke a new record on Tuesday, cresting at over $4,000 per troy ounce. It was sitting at $4,055.30 Wednesday morning on Comex’s continuous contract index. It’s up more than 50% for the year.
