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Gold Climbs Above $4,000 an Ounce as Safe-Haven Demand Surges
Gold futures climbed 0.54% to trade above $4,000 an ounce, rebounding from earlier declines as persistent inflation concerns and the prolonged U.S. government shutdown fueled demand for safe-haven assets. The metal’s gains came amid a softer dollar and steady Treasury yields, with investors seeking protection against policy uncertainty and fiscal strain. Analysts said renewed geopolitical and economic risks could keep bullion prices elevated in the near term, reinforcing gold’s defensive appeal in volatile markets.
Investopedia• By struti
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Gold Climbs Above $4,000 an Ounce as Safe-Haven Demand Surges
Gold futures climbed 0.54% to trade above $4,000 an ounce, rebounding from earlier declines as persistent inflation concerns and the prolonged U.S. government shutdown fueled demand for safe-haven assets. The metal’s gains came amid a softer dollar and steady Treasury yields, with investors seeking protection against policy uncertainty and fiscal strain. Analysts said renewed geopolitical and economic risks could keep bullion prices elevated in the near term, reinforcing gold’s defensive appeal in volatile markets.
Investopedia• By struti
Explore:Mutual Fund Screening
1 min read
74 words
Gold breaks key psychological level amid inflation and political uncertainty.
Gold futures climbed 0.54% to trade above $4,000 an ounce, rebounding from earlier declines as persistent inflation concerns and the prolonged U.S. government shutdown fueled demand for safe-haven assets. The metal’s gains came amid a softer dollar and steady Treasury yields, with investors seeking protection against policy uncertainty and fiscal strain. Analysts said renewed geopolitical and economic risks could keep bullion prices elevated in the near term, reinforcing gold’s defensive appeal in volatile markets.
Gold futures climbed 0.54% to trade above $4,000 an ounce, rebounding from earlier declines as persistent inflation concerns and the prolonged U.S. government shutdown fueled demand for safe-haven assets. The metal’s gains came amid a softer dollar and steady Treasury yields, with investors seeking protection against policy uncertainty and fiscal strain. Analysts said renewed geopolitical and economic risks could keep bullion prices elevated in the near term, reinforcing gold’s defensive appeal in volatile markets.
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