The price of gold is $ 4000 an ounce for the first time ever

Gold prices reached 4000 dollars for the first time ever on Tuesday, as investors seek a safe haven for dollar confidence, geopolitical volatility, economic uncertainty and stubborn inflation.

Golden futures The last trading was made at 4,005.80 dollars an ounce. Prices have gained more than 50 % this year US dollar index He decreased by 10 %, and President Donald Trump intended the World Trade System and threatens the independence of the Federal Reserve.

Central banks and retail investors buy gold at a rapid pace. China and other countries vary away from US Treasury bonds and gold after Washington has imposed severe sanctions on Russia for its invasion of Ukraine in 2022, and retailers are looking for protection from inflation.

The last stem leg in the precious metal came after lowering interest rates in the Federal Reserve in September first this year, making short -term debt tools like treasury bills less attractive to investors. The market expects other discounts in the price of federal reserve funds, now 4.00 % to 4.25 %, a year ago. The next Federal Reserve meets in three weeks, on October 29.

Ray Dalio, the founder of Bridge, recommended on Tuesday that the investors will put “Something like 15 % of your gold wallet“Debt tools” are not an effective wealth store.

He said gold is “the only origin that works very well when the typical parts of your wallet decrease.”

On Monday, Bank of America urged investors to approach gold with caution, with prices rising about $ 4,000. Bofa has warned customers that gold faces “exhaustion of the upward trend”, which may lead to “unification or correction” in the fourth quarter.

– Yun Li from CNBC contributed to this report.