Summary
The price of gold has reached a historic high, going over $4,000 per ounce. This increase is linked to economic uncertainties and actions by President Donald Trump, other global events, and changes in Japan's leadership.
Key Facts
- Gold prices crossed $4,000 per ounce for the first time.
- Gold is often considered a "safe haven asset," meaning people see it as a reliable investment during uncertain times.
- The price of gold has gone up more than 50% since the start of 2025.
- President Trump’s trade policies and his comments on the Federal Reserve have influenced gold prices.
- Other contributors to rising gold prices include Japan's new leadership, a U.S. government shutdown, and political changes in France.
- The recent victory of Japan's Sanae Takaichi led to more gold buying, as her policies affected the value of the yen.
- Historically, gold has been seen as a stable value holder, such as when its price rose significantly in the 1970s after changes by President Nixon.
