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Portugal Pulse: Portugal News / Expats Community / Turorial / Listing

Gold price exceeds $4,000 per ounce for the first time

The price of gold reached $4,001.11 per ounce at 3:00 AM (Lisbon time) at the beginning of Asian trading.

Gold hit new highs amidst a partial shutdown of the United States federal government, while in France, President Emmanuel Macron gave interim Prime Minister Sébastien Lecornu until today to negotiate “a platform of action” to help the country overcome its political deadlock.

This year, the value of gold has increased by 49%, driven by significant purchases from central banks, a weak dollar, and geopolitical factors.

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