Gold Surges Amid Government Spending Hopes
Update: 2025-11-10
Description
Gold futures surged over two percent, reaching four thousand one hundred dollars per ounce, as optimism grew over the potential end of the government shutdown and new government spending. This surge was also influenced by the prospect of tariff rebates and increased government spending. Experts suggest that golds renewed strength could signal investors hedging against hotter inflation and ongoing policy uncertainty. Despite a brief halt in October, gold futures have seen a fifty-seven percent increase this year and are on track for their best year since nineteen seventy-nine. Some analysts believe gold may have peaked, but others remain optimistic, with UBS Global Wealth Management maintaining a price target of four thousand two hundred dollars per ounce over the next twelve months.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
