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Gold price breaks $4,000 an ounce for first time

World News

07-10-2025 | 23:13

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Gold price breaks $4,000 an ounce for first time

The price of gold broke above $4,000 for the first time on Wednesday as investors rushed into the safe haven amid concerns about a range of issues including the U.S. government shutdown, while expectations for U.S. interest rate cuts added to its allure.

The precious metal struck $4,000.01 an ounce in early Asian trade -- having risen more than 50 percent since the start of the year –- with traders also eyeing French political turmoil and uncertainty over the global economic outlook.

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