Gold price per ounce surpasses $4,000 for first time ever
On October 7, gold climbed beyond $4,000 per ounce for the first time in history, fueled by global uncertainty and rising investor demand for safe-haven assets. Economic instability, combined with political unrest in places such as the United States and France, has amplified market concerns and strengthened gold’s appeal. Anticipation of U.S. Federal Reserve rate cuts has further encouraged investors to favor non-yielding assets like gold.
Several forces are working together to sustain this surge. Central banks—especially China’s—are expanding their gold reserves to reduce dependence on the U.S. dollar, signaling long-term confidence in the metal. At the same time, record inflows into gold ETFs reflect both fear and enthusiasm, as investors rush to avoid missing potential gains. Combined with the geopolitical risks in regions like the Middle East and broader economic anxieties, these elements have aligned to create a historic moment for gold pricing.
