this post was submitted on 23 Dec 2025
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Economics

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Gold and silver hit records as investors hunt for safety (www.bbc.com)
submitted 2 weeks ago by MicroWave@lemmy.world to c/economics@lemmy.world
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The gold price has hit another record high, trading above $4,400 (£3,275) an ounce for the first time.

The price of the precious metal has risen on expectations the US central bank will cut interest rates further next year, analysts said.

Gold started the year worth $2,600 an ounce, but geopolitical tensions, the Trump tariffs and expectations of rate cuts have added to investor demand for safe haven assets, such as gold and other commodities.

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[–] ExtremeDullard@piefed.social 3 points 2 weeks ago (1 children)

Also, the orange utan is using half of the world's supply of gold to turn the White House into a gaudy Saudi-esque palace, driving up prices.

[–] BCsven@lemmy.ca 2 points 2 weeks ago

An illustration that money does not buy class.