Gold

Gold Hits Record $4,000 As Global Uncertainty Spurs Surge

October 8, 2025 4:59 am

Gold prices have soared past the $4,000 mark an ounce, setting a historic record as investors scramble for safe-haven assets amid mounting economic and political uncertainty worldwide. The rally marks one of the most dramatic surges in decades, with gold climbing more than 25% since April, fueled by fears over trade tensions, financial instability, and political turmoil.

The US government shutdown, now entering its second week, has further amplified investor anxiety. Delays in key economic data have left markets uncertain, prompting more individuals and institutions to turn to gold as a store of value. Spot gold — the price received …

Gold Hits Record $3,508 Amid Global Economic Uncertainty

September 2, 2025 9:51 am

The price of gold surged to a record high on Tuesday, reflecting strong demand for the precious metal amid global economic uncertainty. The spot gold price reached $3,508.50 per ounce, extending a rally that has seen it rise nearly one-third this year.

Gold is widely regarded as a safe-haven asset, attracting investors when economic or geopolitical risks increase. The metal’s recent ascent followed announcements of sweeping US tariffs under President Donald Trump, which disrupted global trade and heightened market anxieties.

Analysts also point to expectations of potential interest rate cuts by the US Federal Reserve as a factor boosting gold’s …

Over 100 Dead As Gold Miners Clash In Chad

May 31, 2022 4:28 am

No fewer than 100 people have been confirmed dead following clashes between gold miners in northern Chad, Defence Minister General Daoud Yaya Brahim have disclosed.

Africa Daily News, New York gathered that violence broke out on May 23 at Kouri Bougoudi near the Libyan border, sparked by a ‘mundane dispute between two people which degenerated’, he noted adding that the toll was “around 100 dead and at least 40 wounded.’

The clashes occurred in the rugged Tibesti Mountains in the central Sahara, some 1,000 kilometres (600 miles) from the Chadian capital N’Djamena.