NEW YORK – As families across the nation carefully manage their budgets, the price of gold has reached new heights, surpassing $4,300 this week.
On Thursday, the price of gold in New York closed at a record $4,326 per ounce. While prices dipped slightly on Friday morning, gold has seen a significant increase of 6.7% over the past week.
Many see gold as a reliable investment during uncertain times. These gains come as Americans watch the government work to solve budget issues and as trade talks continue with other countries. President Trump had considered higher tariffs on goods from China but acknowledged concerns that they might not be helpful for our economy.
Gold prices have climbed nearly 60% since the start of 2025. Silver has also risen, with a 70% increase this year.
People often turn to gold when they are worried about the economy. Some believe that President Trump’s trade policies have caused problems for businesses and consumers, leading to higher costs and a weaker job market. This, along with the ongoing discussions in Washington, has made some people nervous about the future.
The Federal Reserve recently lowered interest rates and suggested they may do so again, which can make gold a more appealing investment.
Is gold a good investment?
Some experts say that gold can help protect your money and balance your investments. It is a physical asset that can hold its value over time.
However, it’s important to be careful and not invest all of your money in gold. Some people argue that gold isn’t always the best way to protect against inflation and that there are other ways to secure your financial future.
