Gold just hit a jaw-dropping milestone: spot prices topped $4,000 per ounce on Wednesday, marking a brand-new record! 🚀
On Tuesday, December gold futures on NYMEX closed at $4,004.40 per ounce, up 0.71% from the day before. That’s a historic closing high that’s buzzing across trading floors and Twitter feeds alike.
Why the surge? A mix of factors:
- Strong inflows into gold ETFs in Western markets 📈
- Central banks are stocking up on the shiny metal 🏦
- Economic uncertainty driving investors toward safe havens 🌍
Top analyst Goldman Sachs has even boosted its gold forecast for December 2026 from $4,300 to $4,900 per ounce. With that kind of prediction, plenty of young investors are taking notice.
Whether you’re a seasoned pro or just starting out, this golden moment shows how dynamic and unpredictable global markets can be. Stay tuned to see if gold keeps climbing or if it takes a breather. In the meantime, maybe treat yourself to something shiny 😉.
Reference(s):
cgtn.com
