The post It now takes 116 hours of minimum wage work to buy an ounce of gold, highest in more than 100 years appeared on BitcoinEthereumNews.com.

Gold has made every other asset on earth its dog throughout this year, rallying too hard that it now takes 116 hours of minimum wage work to buy one ounce of the precious metal in America, the highest ratio in literally over a century, according to data from Bloomberg. That means a worker earning the federal minimum wage would need to work nearly three full weeks to afford a single ounce. The gold price closed around $4,225 per ounce at press time, while average hourly earnings stood at $36.50 in August, leaving income growth far behind. The ratio has doubled in only 18 months, smashing previous all-time highs of 80 hours seen during the 1930s, 1980, and 2011. At the start of this millennium, the same ounce cost less than 20 hours of labor, a reminder of how far this metal has outrun real wages. Gold’s rally has accelerated as investors pile in, betting on rate cuts from the Federal Reserve and global counterparts, as well as looking for safety amid growing geopolitical tension. The metal has surged by 64% so far this year, helped by central bank buying, outflows from the U.S. dollar, and strong inflows into exchange-traded funds tied to gold. Markets are now betting on a 25-basis-point cut at the October meeting and another in December, fueling even more optimism among traders who see the metal climbing beyond $4,400 in the coming years. Gold drops after record high above $4,300 amid Trump’s tariff remarks After a week of euphoria, gold prices slipped on Friday, retreating 2.6% to $4,211.48 per ounce bymidday, after hitting an all-time high of $4,378.69 earlier in the session. US gold futures for December delivery also dipped 2.1% to $4,213.30, while the dollar index rose 0.1%, making bullion more expensive for overseas buyers. President…

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Filed under: News - @ October 19, 2025 2:16 am