Gold Hits Record High as Uncertainty Fuels Demand (Full Transcript)

[00:00:00] Speaker 1: What's going on with gold? It just blasted past $5,000 an ounce, that's about 31 grams, the highest price ever. Last year it jumped more than 60%, one of the biggest surges in decades. So why is this happening? Short answer, people are nervous. All that stuff that's going on in the world. Greenland, tariffs, the cost of living, protests in Iran, Venezuela. That causes the global economy to feel shaky. And so people who trade on markets want to buy into something that feels safe. And it's not just people buying. Governments through their central banks are buying big too, mostly gold bars, to protect their economies in case their currencies lose value, pushing demand and prices up.