Gold soared to a record $4,035 per ounce as investors rushed to safe assets amid market uncertainty and the ongoing U.S. government shutdown.
Since April, the metal has climbed 30%, fueled by Trump’s tariffs, a weakening dollar, and unprecedented inflows into gold ETFs.
However, analysts caution that the rally may lose momentum if the Federal Reserve hikes interest rates though hopes of future rate cuts are keeping bullish sentiment strong.
Since April, the metal has climbed 30%, fueled by Trump’s tariffs, a weakening dollar, and unprecedented inflows into gold ETFs.
However, analysts caution that the rally may lose momentum if the Federal Reserve hikes interest rates though hopes of future rate cuts are keeping bullish sentiment strong.