Gold tops $4K for first time as investors flee inflation, global turmoil
George Mihalcea
Gold prices hit $4,000 an ounce for the first time Tuesday as investors piled into the precious metal at a time of stubborn inflation, a lingering government shutdown and deepening geopolitical risks. Gold futures briefly touched $4,005.80 before settling just below the milestone on Tuesday morning. Prices have soared more than 50% this year, fueled by fears of a prolonged funding crisis in Washington and President Donald Trump’s escalating trade clashes with China and the European Union. The
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