Gold crossed the historic threshold of $4,000 an ounce on Wednesday, October 8, boosted by geopolitical uncertainties in Ukraine and the Middle East, as well as Donald Trump's return to the White House. Faced with economic risks, inflation, and political turmoil, investors are turning en masse to the yellow metal, the ultimate safe haven.

On Wednesday, October 8, gold surpassed the symbolic threshold of $4,000 an ounce, a threshold unlikely even a year ago, driven by tensions in Ukraine and the Middle East and, in particular, by the return to power of Donald Trump.

On Wednesday, October 8, gold surpassed the symbolic threshold of $4,000 an ounce, a threshold unlikely even a year ago, driven by tensions in Ukraine and the Middle East and, in particular, by the return to power of Donald Trump.

Why turn to gold?

Coveted for its use in jewelry, industry, or as a reserve asset, gold has always embodied the ultimate "safe haven" because it retains its intrinsic value, even though it does not earn interest.

Investors turn to it to protect themselves against the risk of losing money when they anticipate a gloomy outlook.

The $2,000 per ounce mark was thus crossed for the first time in August 2020, at the time of the Covid-19 pandemic.

The metal then fluctuated around this value until 2024 when its price suddenly exploded: it passed $2,500 in August 2024, then $3,000 last March, before reaching $3,500 in September.

It finally crossed the $4,000 mark this Wednesday in Asian trading.

On Wednesday, October 8, gold surpassed the symbolic threshold of $4,000 an ounce, a threshold unlikely even a year ago, driven by tensions in Ukraine and the Middle East and, in particular, by the return to power of Donald Trump.

Why turn to gold?

Coveted for its use in jewelry, industry, or as a reserve asset, gold has always embodied the ultimate "safe haven" because it retains its intrinsic value, even though it does not earn interest.

Investors turn to it to protect themselves against the risk of losing money when they anticipate a gloomy outlook.

The $2,000 per ounce mark was thus crossed for the first time in August 2020, at the time of the Covid-19 pandemic.

The metal then fluctuated around this value until 2024 when its price suddenly exploded: it passed $2,500 in August 2024, then $3,000 last March, before reaching $3,500 in September.

End of lifetime benefits for former ministers and prime ministers: should we go further?

It finally crossed the $4,000 mark this Wednesday in Asian trading.