In a dazzling turn for investors around the globe, spot gold prices shattered the $4,000-per-ounce barrier on Wednesday, marking a new all-time high according to the latest market data. Gold futures for December delivery on the New York Mercantile Exchange followed suit, closing Tuesday at $4,004.40 60.71% from the previous session.
This milestone reflects a surge of interest in gold as a go-to safe-haven asset amid persistent economic uncertainty. Exchange-traded funds (ETFs) in Western markets have seen robust inflows, while central banks continue to accumulate reserves, driving demand even higher.
Looking ahead, finance giant Goldman Sachs has revised its gold price forecast, upping its December 2026 target from $4,300 to $4,900 per ounce. The bullish outlook underlines growing confidence that ETFs and central bank buying will keep gold on an upward trajectory over the next few years.
For young global citizens and tech-savvy investors, this record-breaking performance highlights how market trends can reshape wealth strategies and portfolios. With gold shining more brightly than ever, staying informed and agile could make all the difference in today
ds fast-paced financial landscape.
Reference(s):
cgtn.com
