Why investors are rushing to buy gold - and it's hitting record prices

0:00
It's been a turbulent week for UK
0:01
markets. While the beginning of the week
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was marked by the highest 30-year bond
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yields since 1998, gold has continued
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its meteoric rise, reaching a record
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high of $3,530
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per ounce. Demand for the precious metal
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has rocketed as investors scramble to
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add the safe haven asset to their
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portfolio amid ongoing economic
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uncertainty. With tariffs still looming
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and Trump's assault on the Federal
0:24
Reserve still spooking markets, global
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demand for the yellow metal has held
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strong. It's been reported that prices
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may surge to $5,000 if Trump undermines
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the Fed's independence. Analysts have
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also credited the price rise to
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expectations that the US central bank
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will cut interest rates, making gold an
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even more lucrative asset. The World
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Gold Council is also set to shake up the
0:45
London gold market, creating the ability
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for investors to trade, settle, and
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collaterize bullion digitally. The new
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digital unit is set to be trial in the
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first quarter of 2026. In other market
0:57
news, the Footsie 100 was broadly
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unchanged after a volatile start to the
1:01
morning, clawing back into the green,
1:03
ticking up 0.2% while the Midcap Footsy
1:06
250 was up 0.3%. The bond market also
1:10
experienced a cool down after a dramatic
1:12
turn with 30-year guilt yields down 1.6%
1:15
from the 27-year highs seen at the start
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of this week. The cooling in the global
1:19
bond market has aided the pound
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sterling's recovery against the dollar,
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trading at $1.34. All eyes will now
1:26
swing to the upcoming Fed interest rate
1:28
decision and looming October budget. For
1:30
everything you need to know about the
1:32
markets, stick with cityam.com.
1:39
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Why investors are rushing to buy gold - and it's hitting record prices

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Why investors are rushing to buy gold - and it's hitting record prices

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