Gold Hits Record High   $4,000 Per Ounce - video Dailymotion

Watch Gold Hits Record High   $4,000 Per Ounce - AlArabiya English on Dailymotion

Transcript

00:00A historic surge in gold prices, the precious metal has now exceeded $4,000 per ounce for

00:11the first time ever, driven by a wave of fear sweeping through global markets.

00:16Most recently, significantly, it is a combination of interest rates,

00:23tariffs, and a general erosion of the U.S. dollar, which has lost at least 10% to 12% of its value

00:33against the other currencies globally in the last six to nine months.

00:36The U.S. government shutdown has also been a key indirect factor behind gold's rally.

00:43It has heightened investor concerns over rising debt and fiscal deficits in the United States,

00:50fueling political and economic uncertainty.

00:53These conditions have pushed markets toward safe haven assets like gold,

00:58especially amid declining confidence in paper currencies

01:02and expectations of interest rate cuts by the Federal Reserve.

01:07Gold is going up because investors are looking for an inflation hedge.

01:11They're worried about the huge debts that are being run up by major economies around the world,

01:17and they see the possibility for a devaluation of some of those currencies.

01:23With expectations that the Federal Reserve could soon move to cut interest rates,

01:28analysts say fear of missing out is driving even more investors to buy,

01:33despite gold's record-breaking price.

01:35I'll see you next time.

01:36I'll see you next time.

01:38I'm out.

01:39I'm out.

01:40I'm out.