Gold Price Hits Record High: $3,940 per Ounce

Spot gold prices have surged to a new all-time high of $3,940 per ounce, marking a significant 1.4% increase in just one day. This surge is attributed to heightened investor demand amidst ongoing financial market uncertainty. Analysts believe this growth reflects growing interest from institutional investors who are accumulating gold through Gold ETFs and central banks that are actively buying gold as a hedge against inflation and volatile currency markets.