The price of gold broke a new historic record on Thursday April 4 at more than $2,300 per ounce. The precious metal has set multiple record highs in recent weeks as the Fed has indicated it plans to ease monetary policy soon.
Gold's popularity as a safe haven in turbulent times has also boosted its value as traders are concerned about the crisis in the Middle East and the ongoing war in Ukraine. All eyes are now on the release of US jobs figures, due at the end of the week, with a weak result likely to give the Fed room to cut rates.