YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Gold raced past $4,000 an ounce for the first time on Wednesday as investors piled into a record-breaking rally in the safe-haven asset to hedge against global economic uncertainty, while also betting on U.S. interest rate cuts.
Spot gold was up 1.3% at $4,036.22 per ounce by 1154 GMT. U.S. gold futures for December delivery gained 1.3% to $4,058.
Traditionally, gold is seen as a store of value during times of instability.
Read more from Reuters.
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