Gold Surges Past $4,000 An Ounce Amid Global Uncertainty. Gold has hit a record high of over $4,000 (£2,985) an ounce, as investors seek safe havens amid economic and political uncertainty worldwide. The rally marks the biggest surge since the 1970s, with prices rising around a third since April when US President Donald Trump announced tariffs that disrupted global trade. Analysts say the US government shutdown, now in its second week, has further fuelled gold’s appeal. Delays in key economic data releases are also adding to market nervousness. Spot gold, the real-time market price for immediate delivery, reached $4,036 an ounce on Wednesday in Asia while gold futures hit the same level, reflecting investor sentiment about the future. Gold is considered a safe-haven investment, retaining or increasing in value during times of market turbulence. Christopher Wong, rates strategist at OCBC, said the shutdown is “a tailwind for gold prices,” highlighting the metal’s ongoing appeal as a secure asset in volatile times. [Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT]