Pretend gold bars piled up in Clermont-Ferrand France on March 25 2025.
Romain Costaseca | Afp | Getty Photos
Gold costs hit $4,000 for the primary time Tuesday as traders search a secure haven from world volatility.
Gold futures had been final buying and selling at $4,005.80 per ounce. Costs have gained greater than 50% this yr as President Donald Trump upends the worldwide commerce system and threatens the independence of the Federal Reserve.
Central banks and retail traders are shopping for gold at a robust clip. Governments are attempting to hedge towards the danger of U.S. sanctions and customers are in search of property to guard towards cussed inflation.
Financial institution of America urged traders on Monday to method gold cautiously as costs had been heading towards $4,000. BofA warned shoppers that gold faces “uptrend exhaustion,” which might result in “a consolidation or correction” within the fourth quarter.
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