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Gold hits $4,000 for the first time ever
Yahoo Financeยท 2025-10-07 17:47
The price of gold surpassed $4,000 on Tuesday, Oct. 7 for the first time ever as the government entered its seventh day of a partial shutdown. Gold futures were trading at $4,006 around 11 a.m. ET before slipping under the benchmark but quickly recovered. The commodity is up 50% year to date. Gold has continued to rise as the U.S. dollar weakens and inflation persists, according to the CME Group, an American financial services company. The dollar is down 10% year to date. Additionally, the current rat ...