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Gold shines bright as US economy dims
Business
Gold just hit $4,215 an ounce—its highest in three weeks—after talk of a possible Federal Reserve rate cut in December.
With spot gold holding strong and up 60% this year, it's outpacing stocks and showing its strength during uncertain times.
Why is gold shining?
Gold is shining because people are worried about the US economy, inflation, and a weaker dollar.
Central banks are buying record amounts of gold, and more investors are turning to it as a safe place for their money when things feel shaky.
What's making gold more attractive?
Softer economic data (delayed by a recent government shutdown) and concerns over US debt have all made gold more attractive than traditional investments right now.