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9 May 2025 16:30
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      Home > News > Business

    Amid widespread economic turmoil, the price of gold has soared to levels never seen before

    Amid widespread economic turmoil, the price of gold has soared to levels never seen before


    Gold futures surpassed the US$3000 per troy ounce for the first time this week. The price to buy gold on the spot market in New York is following closely behind.

    Interest in buying gold can rise sharply in times of uncertainty, as anxious investors seek safe havens for their money.

    Gold prices are spiking higher now as US President Donald Trump's tariff policies have kicked off an international trade war that has upset

    financial markets and threatened to reignite inflation.

    © 2025 Newstalk ZB, NZCity

     Other Business News
     09 May: The Prime Minister's responding to nationwide protests over the Government's pay equity changes
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     09 May: Banks will either dip into their profits, or fund out what's due -- in Reserve Bank loans
     09 May: To the financial accounts of New Zealand Rugby..
     09 May: Wellington Airport's recorded a nearly 26-million-dollar profit for the financial year, despite slumping domestic passenger numbers
     08 May: When is the next vote in the conclave? Here's when we will next see smoke from the Sistine Chapel chimney
     08 May: The invasive caulerpa seaweed's gaining ground in Northland - reaching the Bay of Islands' Russell
     Top Stories

    RUGBY RUGBY
    Auckland FC have had All Blacks great Dan Carter in camp to help them prepare for the A-League finals More...

    BUSINESS BUSINESS
    The Prime Minister's responding to nationwide protests over the Government's pay equity changes More...


     Today's News

    		 Rugby:
    Auckland FC have had All Blacks great Dan Carter in camp to help them prepare for the A-League finals 16:27

     International:
    Giro d'Italia challenge led by outsider Michael Storer as Aussie hopes hinge on supporting favourites 16:07

     Entertainment:
    Dolly Parton admits her husband would "expect" her to keep going after his death 15:59

     Entertainment:
    Smokey Robinson's attorney has branded the sexual assault allegations against the singer as "vile" and "false" 15:29

     Environment:
    A major road has flooded in Auckland as wet weather makes its way across the country 15:27

     Entertainment:
    A man who allegedly crashed his car through the gate of Jennifer Aniston's home has been accused of harassment 14:59

     Law and Order:
    One of two men accused of murdering an Ellerslie couple has pleaded guilty just hours before his trial was set to start in Auckland 14:57

     Business:
    The Prime Minister's responding to nationwide protests over the Government's pay equity changes 14:47

     Entertainment:
    David Hasselhoff is set to undergo knee surgery next week 14:29

     Cricket:
    Australian IPL players consider leaving as India-Pakistan conflict causes travel chaos 14:17

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