Gold has jumped more than 50% this year in the face of uncertainties over global trade, the Federal Reserve’s independence and US fiscal stability. — Bloomberg
NEW YORK: Spot gold smashed through US$4,000 (RM16,864) an ounce for the first time, as concerns over the US economy and a government shutdown added fresh momentum to a scorching rally.
It’s a milestone for bullion, which traded below US$2,000 just two years ago, with returns that now outstrip those for equities this century.
