Gold tops $4K for first time as investors flee inflation, global turmoil
1. Gold prices reached $4,000 an ounce amid inflation and geopolitical tensions. 2. Central bank purchases have surged, boosting gold's demand globally. 3. Investors are worried about US dollar stability and inflation prospects. 4. Gold's appeal as a hedge is increasing, reminiscent of the 1970s. 5. Analysts warn of potential price corrections following the gold rally.