Gold Price Hits Record High Over $4,000 per Ounce

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Gold Price Hits Record High Over $4,000 per Ounce
Photo: Mark Baker/AP/TT

The price of gold reached yet another new record level on Wednesday night and exceeded 4,000 dollars per ounce for the first time so far.

On Wednesday morning, one ounce of gold costs 4,035.27 dollars.

Gold is traditionally seen as a safe investment and according to Bloomberg, the current demand and price surge are fueled by the shutdown of the US government apparatus, shaky tech stocks and political upheavals and turbulence in Japan and France.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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