"This week, the price of gold has surpassed $4,000 (£2,980) for the first time, fuelled by global political uncertainty driving the precious metal's rally. On Wednesday, the spot price of gold reached $4,031.54, marking its biggest rally since the 1970s. Over the past 12 months, the price of gold has reached record highs as investors seek safe-haven assets during global uncertainty."
"Factors fuelling the surge in the price of gold include political uncertainty in countries like France, where protests have been held across the nation, as well as the government shutdown in the US, which is now entering its second week. Alongside this, since President Trump announced the rollout of tariffs back in April, the price of gold has risen by more than 50%."
"On Monday, Goldman Sachs forecast that the price of gold will rise to $4,900 by the end of 2026, an increase from earlier predictions of $4,300. As the price of gold reaches a record high, is now the time to invest? Gold investment should not be dependent on whether the market is either surging or falling; you should be more focused on whether your financial situation enables you to do so at that particular time."
Gold's spot price climbed above $4,000 (£2,980) for the first time, reaching $4,031.54 and marking the biggest rally since the 1970s. Investors pushed prices to record highs over 12 months as they sought safe-haven assets amid global political uncertainty. Political unrest in France, a US government shutdown entering its second week, and tariff announcements since April contributed to a more than 50% rise. Forecasts expect continued growth, with Goldman Sachs projecting $4,900 by the end of 2026, up from prior $4,300. Investment guidance emphasizes gold as a long-term store of value, not a short-term trade.
Read at London Business News | Londonlovesbusiness.com
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