Gold Price Rips Toward $5,400 Again as Safe-Haven Buying Spreads — Is It Too Late to Jump In?
Spot gold surged nearly 4% Wednesday, approaching $5,400 an ounce as buyers poured into precious metals. Silver gained 3.3% to $116.69, with analysts warning of a possible short-term pullback. The Federal Reserve kept rates unchanged; traders paid little attention. Tether plans to allocate up to 15% of its portfolio to physical gold.