Gold's Unlikely Safe Haven Status Amid US Debt Woes The recent surge in gold prices has left many puzzled, particularly as it coincides with growing concerns over the United States' national debt.
The current price of $4,633. 90 per troy ounce is up 0. 1% from Thursday's closing price, and this trend has been consistent across various measures: one week ago, gold was up 5. 9%, a month ago it rose by 14.
4%, and a year ago its gain stood at an impressive 36. 7%. This upward momentum has led some to question whether gold is indeed the safe haven it's often touted as.