Gold prices reached a historic high of $5,111.07 per ounce in Asian trading, surpassing the $5,000 mark for the first time. Analysts attribute the surge to rising geopolitical tensions, policy uncertainty in the United States, and global economic instability.
Susannah Streeter, chief investment strategist at Wealth Club, said that “the dollar’s decline and concerns over US tariffs, inflation, and government spending have prompted investors to recalibrate risk exposure, boosting demand for safe-haven assets like gold.”
Silver also hit record highs above $110 per ounce. Exchange-Traded Funds (ETFs) and central bank purchases drove strong demand, with gold’s year-on-year value increasing 44% to a record $146 billion in Q3 2025, according to the World Gold Council.
Independent analysts noted that the gold rally reflects a broader repricing of stability costs in a world grappling with debt and political uncertainty. “Gold is no longer reacting to daily headlines alone; investors are factoring in long-term global instability,” said Stephen Innes, market analyst.
The surge coincides with concerns over potential US government shutdowns, trade tensions with Canada and China, and international interventions in markets such as Japan.
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