Gold Price Hits All-Time Record, Surpasses $4,000 for the First Time in History
Gold Price Hits All-Time Record, Surpasses $4,000 for the First Time in History
Gold price – gold price record – Global gold prices surged to a new record on Tuesday, October 7, 2025, surpassing $4,000 an ounce for the first time.
This milestone comes amid growing expectations of US interest rate cuts and rising political uncertainty worldwide, fueling demand for safe-haven assets.
Gold is widely regarded as a store of value during times of instability.
The precious mineral climbed to an all-time high of $4,014.60 per ounce on the global commodities market.
This rally is fueled by the ongoing US government shutdown, now in its second consecutive week, which has deprived investors of key economic data needed to assess the extent of the Federal Reserve’s rate-cutting.
Gold hits fresh record above $3,900 per ounce
The market is currently pricing in a 25-basis-point cut this month, with another anticipated in December.
Central banks around the world are contributing to gold’s 2025 rally, alongside increased investor interest in gold-focused exchange-traded funds and a weakening US dollar.
Meanwhile, the World Gold Council (WGC) reported in July 2025 that global gold demand rose by three percent in the second quarter, reaching 1,249 tonnes.
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Source: www.ghanaweb.com
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