Gold Hits New Record as Investors Worry About U.S. Economic Outlook

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• 00:03

  Gold prices top $4,000 for the first time as investors worry about the U.S. economic outlook.

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  Plus, why the owner of the New York Stock Exchange is investing in prediction platform Polymarket.

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  And as Gen Z comes of spending age,

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  a multi-million dollar industry of Gen Z translators is emerging.

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  They're very much capitalizing on the CMO anxiety around messing up with this generation, who are,

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  of course, very vocal when they think that companies or corporations are doing something wrong.

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  It's Tuesday, October 7th.

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  I'm Alex Ocele for The Wall Street Journal.

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  This is the PM edition of What's News,

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  the top headlines and business stories that move the world today.

• 00:48

  Gold soared to above $4,000 a troy ounce for the first time today.

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  The price of the precious metal has surged this year more than it did during some of America's biggest crises.

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  Rising more than 50%,

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  futures run up in 2025 has outpaced rallies during the pandemic and the 2007-2009 recession.

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  Not since the inflationary shock of 1979 has gold catapulted so much higher in a year.

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  WSJ Commodities reporter David Uberti joins me now to discuss.

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  David, in those times that I mentioned, there was a disruption there.

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  This time, not so much.

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  Why is this happening now?

• 01:27

  As you pointed out,

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