Gold Price Breaks $4,000 Barrier for First Time
Gold prices have reached a historic high, breaking the $4,000 per ounce barrier for the first time. This significant milestone was hit in the early hours of Wednesday, October 8, 2025, with prices peaking at $4,002.
Several factors have contributed to this remarkable rise. Investors, spooked by global economic and geopolitical uncertainties, have been flocking to gold as a safe haven. Central banks, too, have been making substantial purchases, further boosting demand. The renewed interest in gold-backed ETFs has also played a role in driving prices up.
A weaker US dollar has also been a catalyst for the gold rally. A lower dollar makes gold, priced in dollars, relatively cheaper for foreign buyers, thus increasing demand. Additionally, robust consumer demand has added to the upward pressure on prices. The expectation of further rate cuts by the US Federal Reserve has further fuelled this trend, as lower interest rates make holding non-yielding assets like gold more attractive.
The gold price surge above $4,000 per ounce underscores the metal's status as a crisis-proof investment. With investors, central banks, and consumers all driving demand, and a weaker dollar and low interest rates providing additional impetus, the gold market shows no signs of slowing down.
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