# The gold prices hit the four-thousand-dollar level for the first time yesterday as investors seek a haven from a weaker dollar, geopolitical volatility, economic uncertainty and stubborn inflation. This comes as the US dollar index dropped ten-percent and president Donald Trump upends the global trade system and threatens the independence of the Federal Reserve. Central banks and retail investors are buying gold at a rapid pace. China and other countries are also diversifying away from US Treasury bonds and into gold, after Washington imposed stiff sanctions on Russia.
Gold price breaks through 4,000 US dollars an ounce for the first time ever