Gold Surges Past USD 4,000/oz. Is a Fresh Upswing Underway? Trade Gold - Deriv Broker

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Gold Surges Past USD 4,000/oz. Is a Fresh Upswing Underway? Trade Gold - Deriv Broker

 
Gold has just crossed a historic milestone at $4,000 per ounce, marking its highest level ever.

Spot gold hit a fresh all-time high of over $4,049, up over 54% year-to-date, following a substantial 27% gain in 2024.

The rally is fueled by a prolonged U.S. government shutdown and expectations of two more 25-basis-point (bp) rate cuts by the Federal Reserve.
 
Other factors driving the momentum include growing geopolitical and economic uncertainties, strong demand from central banks, robust ETF inflows, and an influx of retail investors seeking safety in precious metals.
 
This historic moment could signal a fresh upswing, offering new trading opportunities.
 

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