00:00Gold futures briefly touched $4,000 an ounce for the first time ever this week,
00:05marking a major new milestone in the precious metals market.
00:08The rally has lifted gold more than 50% so far this year,
00:12its strongest run since 1979, effectively doubling down over the past two years.
00:18Drivers include global political turmoil and expectations that the Fed will ease interest rates.
00:23Central banks are also piling into gold, diversifying away from the U.S. dollar and bolstering demand.
Comments