Gold hits record $4,000 an ounce as global uncertainty drives rush for safety
Global Affairs
Gold hits record $4,000 an ounce as global uncertainty drives rush for safety
Spot gold, which reflects the price of selling the metal over the counter, broke the $4,000 barrier for the first time during Wednesday’s Asian trading session. Gold futures, which indicate investor sentiment through contracts to buy or sell at a set date, also reached this milestone on 7 October.
By Maureen Kinyanjui