Gold Price Breaks $4,000 as US Shutdown, Rate Cuts Fuel Historic Rally
Bloomberg Televisionยท2025-10-08 05:47
What a momentum trade for the yellow metal. Gold has now risen, Tom, over 20% since the dovish shift from the Fed back in Jackson Hole back in August in just six weeks added 20%, crossing 4000 for the first time ever across 1000 during the monumental Fed easing during the GFC across 2000 during the COVID pandemic, when the government started sending out stimulus checks across 3000 on Trump tariffs in the worries back in April, now notching 4000 for the first time ever on. Perhaps, as Ray Dalio mentioned, a ...