Gold breaks $5,000 per ounce record price
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The president's remarks and actions have upset the geopolitical status quo, and worked up an appetite for "safe haven" assets.
The surge comes as recent flashpoints from Greenland and Venezuela to the Middle East underscore higher geopolitical risk, while fiscal concerns also loom large.
Gold continued to rise on Monday after breaking above $5,000 an ounce earlier than Wall Street expected. Futures hit the major milestone on Sunday, raising questions about the stu
Another U.S. government shutdown could be about to pile on even more pressure as gold tops $5,000 per ounce and silver breaks $100—leaving some asking, “Where is bitcoin?”
Gold is seen as a so-called "safe-haven" asset that investors buy in times of uncertainty and low interest rates.
Gold is the hedge against economic and geopolitical risks that can’t be diversified any other way.