Gold prices hit historic $4,000 mark amid global uncertainty
Gold is often seen as a safe-haven asset in times of crisis, and experts suggest continued volatility in global markets could keep prices elevated in the near term.
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00:00Gold prices surged to an all-time high this week, with futures on New York McIntyre Exchange briefly topping $4,000 per ounce on Monday.
00:10The first time in history, the precious metal, has reached that level.
00:14In Asian trading on Tuesday, London's sport gold also neared a record torching $3,980 per ounce during an intraday trading.
00:24Analysts say the surge reflects investor anxiety over political and economic instability, including a possible U.S. government shutdown and mounting uncertainties in France and Japan.
00:38Gold is often seen as a safe haven at certain times of crisis, and experts suggest continued volatility in global markets could keep prices elevated in the near term.
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