In this market, all that glitters is gold

The Takeaway

Gold appears to be wearing a kryptonite vest as everything around it crumbles. In the face of stocks free-falling globally, the economy continuing to struggle, and jobs still hard to come by for millions of Americans, gold is surging. Gold rose to over $1,700 an ounce yesterday, and many believe we could see it top $2,000. We look at the history of gold starting when it was a mere $35 an ounce back in 1970.

Invest in independent global news

The World is an independent newsroom. We’re not funded by billionaires; instead, we rely on readers and listeners like you. As a listener, you’re a crucial part of our team and our global community. Your support is vital to running our nonprofit newsroom, and we can’t do this work without you. Will you support The World with a gift today? Donations made between now and Dec. 31 will be matched 1:1. Thanks for investing in our work!