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Commodities

Gold Soars 3% to Record $4,365.86 Amid Global Uncertainty

Guavy AI Editorial Team
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Gold
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Gold prices surged nearly 3% to a record $4,365.86 per ounce on Thursday, driven by investor demand for safe-haven assets amid growing uncertainty in global markets.

The sharp rally pushed spot gold close to fresh record highs, extending its strong run that has seen the metal outperform many other major assets this year.

Rising demand for safe haven investments, a weaker US dollar, and expectations of easier monetary policy have all contributed to the latest surge in gold prices.

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