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Gold prices surge to record highs as investors seek safe haven
Gold is enjoying its biggest rally in decades, climbing 40% this year and hitting a record $3,682.20 a troy ounce on Monday, according to Dow Jones Market Data. The surge marks the sharpest annual increase since 1979, when inflation fears drove a global rush into precious metals. Unlike past crises, today’s demand is being fueled by policy uncertainty in Washington, concerns over the U.S. dollar and geopolitical instability, The Wall Street Journal reported Monday. President Trump’s trade realignments and repeated clashes with the Federal Reserve have unsettled markets, while wars in Ukraine and elsewhere ... (full story)
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