The price of gold has exceeded $4,000 per ounce for the first time in history, driven by investor demand amid concerns over a possible U.S. government shutdown and political unrest in France.
At the opening of Asian trading, gold reached $4,001.11 per ounce, up more than 50% since the start of the year.
The yellow metal first broke $2,000 in August 2020 during the height of the COVID-19 pandemic and hovered near that level until 2024, when it climbed past $2,500 in August, $3,000 in March, and $3,500 in September.
Investors continue to turn to gold as a safe haven to preserve capital, particularly during periods of economic uncertainty.
