Gold prices soared to a record high on Wednesday, 15th Oct, surpassing $4,200 per ounce for the first time, driven by expectations of upcoming US interest rate cuts and mounting geopolitical and economic uncertainties.
Spot gold rose 1.6% to $4,209.49 per ounce after touching an all-time high of $4,217.95, while US gold futures climbed to $4,227.60.
The precious metal has gained about 60% in 2025, supported by central bank buying, ETF inflows, a global de-dollarisation trend, and concerns over trade tensions between the US and China.
Analysts say continued political instability—including the US government shutdown, trade disputes, and turmoil in France and Japan—will likely sustain gold’s upward momentum.
ActivTrades analyst Ricardo Evangelista noted that reaching the $5,000 level “does not seem impossible in the medium to long term.” Gold continues to shine as a safe-haven asset, particularly in a low-interest-rate environment, offering investors protection against inflation and market volatility.
