Latest news and stories about gold price in Portugal for expats and residents.
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The price of gold has been on a roller coaster. After a dizzying surge that doubled the price within a year to a record above US$5,600 per ounce, the commodity then suffered its biggest drop in a decade. It is up 6% today. What lies behind this roller coaster ...
Gold has resumed a central role in the global economy. It's the unofficial return of the gold standard.
Precious metals rallied, with gold reaching almost US$5,600 and silver surpassing US$119 amid recent market movements.
The price of gold has reached a new record high, surpassing $5,100 per ounce (€4,343). Sérgio Cardoso, a specialist at Doutor Finanças, explains why investments in gold are considered safe, even in times of economic uncertainty.
The price of gold topped $5,300 per ounce today, recording fresh all-time highs as the dollar weakened and markets awaited the Fed's decision on US interest rates.
Gold surpasses US$5,100 and has doubled in value in a year and a half
The price of gold, driven by global instability and the depreciation of the US dollar, reached a new record high today, surpassing US$5,100 per ounce (€4,343) before markets opened.
Gold prices climbed above the US$5,000 per ounce threshold as investors moved into safe-haven assets amid mounting geopolitical and economic uncertainty.
At around 23:40 on Sunday, the precious metal was up 0.93%, trading at US$5,029.39 (€4,238.50) an ounce.
Gold exceeded the US$5,000 level for the first time, benefiting from safe-haven status amid geopolitical, trade and monetary uncertainty surrounding Donald Trump’s presidency.
Gold climbed above the historic US$5,000-per-ounce threshold for the first time, trading at US$5,029.39 (€4,238.50) around 23:40 on Sunday. The rally, which has persisted for about two years, is being driven primarily by safe‑haven demand amid geopolitical, trade and monetary-policy uncertainty tied to Donald Trump’s presidency and by a weakening US dollar. The move underscores gold’s role as an inflation and risk hedge and has implications for asset allocation, currency-sensitive investors and central‑bank policy expectations.
Tensions between the US and the EU over Greenland are driving gold prices to record highs.
Markets are falling in response to the exchange of barbs between Donald Trump and European officials. This Tuesday the US president is speaking in Davos, Switzerland, and on Thursday an urgent summit of European leaders will take place.
Precious metals rally: gold breaks above $4,700 for the first time, while silver hits a peak of $94.72.