Price of Gold Reaches All-Time High, Nears $4,000 an Ounce

Price of Gold Reaches All-Time High, Nears $4,000 an Ounce
Above: An employee arranges gold bars at a precious metals refinery in Arezzo, Italy on May 6, 2025. Image copyright: Alessia Pierdomenico/Bloomberg/Getty Images

The Spin

Narrative A

These highs in gold prices are being driven by the significant anxiety in global markets. Investors are reacting to a myriad of factors causing uncertainty in the world economy, be it the U.S. government shutdown or the political developments in France and Japan.

Narrative B

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.

Metaculus Prediction



The Controversies



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© 2025 Improve the News Foundation. All rights reserved.Version 6.16.0

© 2025 Improve the News Foundation.

All rights reserved.

Version 6.16.0