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Gold price tops $4,000 for the first time ever

Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.AllNewsSportCultureLifestyleThe price of gold has surpassed $4,000 per ounce for the first time ever, driven by global instability and uncertainty surrounding Donald Trump's policies. This surge is attributed to a depreciating US dollar, anticipated Federal Reserve interest rate cuts, and the nation's growing debts, which led to a Moody's credit downgrade. Money managers, investors, and central banks worldwide are increasingly turning to gold as a safe haven, reflecting a lack of confidence in US institutions and the dollar's declining value. International market shocks, including the Japanese yen's drop after Sanae Takaichi's election and the French Prime Minister's swift resignation, have further propelled investors towards gold. Experts like Ken Griffin express concern over the shift away from the dollar, while Goldman Sachs has raised its 2026 gold price forecast to $4,900 per ounce. In fullGold prices hit new high at $4,000 as investors turn to ‘safe haven’ amid fears of Trump policies and global conflictsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in

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