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The World

Market volatility sends gold prices skyrocketing

The World

PRX

News, Lethaldissent

4.6943 Ratings

🗓️ 14 March 2025

⏱️ 49 minutes

🧾️ Download transcript

Summary

The price of one ounce of gold has hit a new record: $3,000. This comes as the stock market faces a lot of volatility amid international trade wars and inflation. Also, a ceasefire between the Kurdistan Workers Party (PKK) and Turkey could have widespread effects on Turkey, Iraq and Syria. And, Norway's team has been barred from the ski jumping world championships being hosted by Oslo over suspected modifications to the team’s ski jumpers' suits. Plus, a new bill could bring back bistros to thousands of small French towns.

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Transcript

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0:00.0

NPR's Throughline podcast sort of feels like stepping into a time machine.

0:06.0

Each episode, our Peabody Award-winning show travels beyond the headlines to answer the question,

0:11.8

how did we get here?

0:13.6

Listen to one of Apple's favorite podcasts of 2024 by searching for ThruLine on Apple Podcasts

0:20.0

or on your favorite podcast app.

0:28.6

When global markets tumble, investors rush to buy gold. Does its reputation as a safe

0:34.4

investment really hold up? Gold is quite a volatile investment. The ups and the downs

0:40.0

are equivalent to the S&P 500. I'm Carol Hills. And I'm Carolyn Beeler. We'll hear about a potential

0:46.8

ceasefire between Turkey and Kurdish militants. And in Peru, new legislation is rattling

0:52.7

civil society groups.

0:54.6

If a group of citizens have a problem with their human rights being violated by an entity from the state, nobody will be able to help them.

1:02.4

People in Norway are hanging their heads in shame as Norwegian ski jumpers are disqualified from a big event.

1:09.1

We like to think of ourselves as fair play sportspersons. So this is a big event. We like to think of ourselves as fair play, sportspersons.

1:13.6

So this is a big blow to our self-image.

1:16.4

Those stories and more today on The World.

1:22.2

This is The World.

1:23.6

I'm Carolyn Beeler.

1:24.7

And I'm Carol Hills.

1:26.0

Thanks for joining us today.

1:35.7

There's something of a global gold rush going on. One Troy ounce of gold broke the $3,000 mark today. That's an all-time record.

1:45.2

In turbulent economic times, gold is seen as an investor's safe haven to find out why demand for gold is on the rise. I spoke earlier with Campbell Harvey.

1:52.7

He's a professor of finance at Duke University. So gold is perceived as a very safe collateral. So this is consistent with the idea that China and some other countries want to hedge.

...

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