Price of gold hits $4,000 an ounce
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The price of gold just surpassed a record of $4,000 per ounce. Here's how to get invested without paying that much.
Gold surged to an all-time high of $4,035 per ounce on Wednesday as investors fled to safe-haven assets amid renewed political and economic turbulence in the United States. Key Takeaways: Gold hit a record $4,
Wall Street’s pause from its record-breaking rally didn’t last long. The Standard & Poor's 500 rose 0.6% to a new record Wednesday, while gold prices pushed past $4,000 per ounce.
Forecasters don't think gold's record-breaking streak is over, with some forecasting a 20% surge in the precious metal in the coming year.
The S&P 500 ticked down by 0.1%, coming off its latest all-time high and a seven-day winning streak. The Dow Jones Industrial Average was down 66 points, or 0.1%, as of 11 a.m. Eastern time, and the Nasdaq composite was 0.
U.S. stocks are drifting around their records in a quiet start to trading on Wall Street. The S&P 500 rose 0.1% Tuesday, coming off its latest all-time high and a seven-day winning streak.
Goldman Sachs raised on Monday its December 2026 gold price forecast to $4,900 per ounce from $4,300, citing strong Western exchange-traded fund (ETF) inflows and likely central bank buying.
(Reuters) -HSBC on Wednesday raised its average silver price forecasts for 2025 to $38.56 per ounce from $35.14 citing expectations for high gold prices, renewed investor demand, and anticipated volatile trading. The bank also raised its forecast for 2026 to $44.50 from $33.96 earlier and $40 from $31.79 for 2027.
Sky's James Sillars writes that a toxic cocktail of pressures are driving investors to the safe haven asset - and it's a signal we should not ignore.