Gold tops $4,000 for first time on political, economic worries

NEW YORK, United States – Gold topped $4,000 an ounce for the first time Wednesday as investors flocked to the safe haven metal on worries over the US government shutdown, France’s political crisis and other global economic uncertainties. US and European stock markets rose while Asian equities fell as investors also kept tabs on the

admin October 8, 2025

An employee of Pro Aurum gold house lifts 1 Kg gold bars of 999.9 purity in the safe deposit boxes room in Munich, Germany, Friday, April 25, 2025. (AP Photo/Matthias Schrader)

NEW YORK, United States – Gold topped $4,000 an ounce for the first time Wednesday as investors flocked to the safe haven metal amid growing concerns over the US government shutdown, France’s political crisis, and other global economic uncertainties.

While US and European stock markets rose, Asian equities fell as investors closely monitored the evolving economic landscape and geopolitical tensions.

https://business.inquirer.net/551746/gold-tops-4000-for-first-time-on-political-economic-worries