An employee polishes gold bullion bars at the ABC Refinery in Sydney on Aug. 5, 2020. David Gray/AFP via Getty Images
Gold prices reached $4,000 for the first time on Oct. 7 as investors navigated economic and geopolitical turbulence, seeking shelter in the safe-haven asset.
Gold futures surged to an intraday record high of $4,014.60 per ounce on the COMEX division of the New York Mercantile Exchange. The yellow metal has soared almost 52 percent this year.
