Gold price reaches $4,000 an ounce for the first time ever
CNBC4 days
These highs in gold prices are being driven by the great amount of anxiety in global markets. Investors are reacting to the various factors causing uncertainty in the world economy, be it the U.S. government shutdown or the political developments in France and Japan.
It is highly unusual for both gold and stock prices to be up, suggesting there is a growing bubble waiting to burst. As soon as that happens, we can expect to see a course correction and a global recession.
There is a 40% chance of a U.S. recession in 2025, according to the Metaculus prediction community.
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