Gold climbs above $4,000 as inflation print curbs rate-hike bets
Gold has smashed past the $4,000 an ounce mark, a significant psychological barrier, propelled by a surprising mix of stubbornly high US inflation data and a dramatic sell-off in the tech sector. While the latest inflation print for May tempered some aggressive expectations for future interest rate hikes, it still underscores persistent price pressures, making the precious metal an attractive hedge against rising costs. Simultaneously, a brutal week for tech stocks, fueled by doubts over the artificial intelligence (AI) trade, sent investors looking for safer places to park their money, finding refuge in gold.












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