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International Business Times UK

Business

Chrys Brent Deiparine

Gold Smashes $4,500 an Ounce: Why Americans Are Diving Into Rivers for 'Free Money' Side Hustle

Gold has once again become one of investors' favourite safe-haven assets, surging past $4,500 an ounce as economic uncertainty, geopolitical tensions and persistent inflation concerns drive demand. While institutions and central banks continue buying bullion, another, far more hands-on trend is gaining momentum across the United States.

🪙 Gold is down ~27% from its January high.

So why are central banks buying MORE?

Gold sits ~$4,034 today vs its $5,595 record on Jan 29.

Headlines call it weakness. The reserve managers buying the dip see something else. 👇🧵 pic.twitter.com/m2NWLGoo1y
— Kinesis Money (@KinesisMonetary) June 30, 2026

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