Price of gold booming
Fox News · Current
Fox News
Current
There's a gold rush of sorts going on in America right now. A lot of people are running to buy it, as the price has more than doubled since the start of 2024, recently hitting a record high at more than $4,000 an ounce.
Breakdown
- Gold prices in the US have more than doubled since early 2024, recently surpassing $4,000 per ounce. 5s
- Economic uncertainty, including tariffs and a government shutdown, is driving increased demand for gold. 40s
- Jewelry stores in New York are seeing more customers buying gold as an investment, with prices rising from $2,000 to over $4,200 per ounce. 49s
- Retailers are offering semi-solid gold chains to help customers afford gold jewelry as prices climb. 1m 16s
- JP Morgan predicts the average price of gold will exceed $5,000 per ounce by the end of 2026. 1m 56s