Gold prices surge as investors in ‘full-blown panic’ | World | News
Gold prices were looking for a “safe shelter” in the midst of the closure of the ongoing US government, and for the first time on Tuesday, $ 4,000 (£ 2979) per ounce.
The gold price on the New York Stock Exchange, the stock market that morning after the opening of the $ 4,000 threshold exceeded. The closing price for New York Spot Gold was reported to be $ 3,960,60 per Troy Ones, a standard measure for precious metals on Monday.
Gold prices are typically increasing when investors arising from anxiety about the economy seek safe investments. Before Tuesday, this asset, along with other metals such as Silver, had largely seen significant gains throughout the past year due to President Donald Trump’s application of tariffs that caused global economic uncertainty.
Since the beginning of 2025, gold -term transactions have increased by about 50 percent and on Tuesday, around 9.30 Troy ounces per $ 4,003 per $ 4.003. This represents a significant increase from about $ 2,670 (£ 1.989) seen at the beginning of January.
Most of them can be attributed to uncertainty. When investors become anxious, they typically increases interest in buying metals such as gold.
The last economic uprising was largely attributed to Trump’s trade wars. Since the beginning of 2025, the President’s new tariffs for goods from around the world have created a strain on businesses and consumers – increased costs and weakened the labor market.
As a result, recruitment fell while inflation continued to return. Consumers are increasingly expressing their pessimism.
The closure of the ongoing USA makes these concerns worse. Important economic data has been postponed and countless federal employees are already experiencing the influence of furloghs and working without paying during the closing time, which is an endless end.
Trump also threatened to make mass layoffs in order to punish the democrats for rejecting GOP legislation and to use the closure potentially to close.
The scope of the effect may depend on how long the dead end. In the meantime, Wall Street has not been influenced to a great extent without closing – but on Wednesday, the recruitment of the ADP research fell after recruitment data.
Gold investments were also affected by other factors over time. Analysts have previously emphasized the strong demand for powerful gold from worldwide banks, including increasing geopolitical tensions, such as ongoing conflicts in Gaza and Ukraine.
Defenders advocates that advocates of investing in the gold label can diversify and balance your commodity investment portfolio and reduce potential risks. Some also find solace to buy something concrete with the potential to appreciate it over time.
However, experts warn all your eggs against putting them in a basket. And not everyone agrees that Gold is a solid investment.
Critics argue that many of the gold always claims and that there are more efficient methods to protect against potential loss of capital, such as derivative -based investments.
The Commodity Futures Trade Commission also warned that they have previously suspected of investing in gold. Precious metals can be quite variable, the commission has specified and the prices increase as the demand increases – “When economic anxiety or instability is high, people who typically profit from precious metals are sellers.”
And even Gold’s current rally experienced some volatility. Since the beginning of the year, it has still risen significantly, with the losses it has been a few short periods.
For example, gold prices fell for a few days following Trump’s statement “Salvation Day” on April 2.
If you decide to invest in gold, the commission is very important to train yourself in safe trade practices and to be careful against potential fraud and fraud in the market.
