The Value Of Gold Has Risen To A Record High
1- 3.10.2025, 7:57
- 3,266
The main reasons are named.
Gold prices have been actively rising for most of 2025. This is facilitated by geopolitical tensions and the reluctance of investors to make risky investments.
Since the beginning of the year, global gold prices have increased by about 44%, reaching record highs due to active purchases by central banks and the resumption of the cycle of rate cuts by the U.S. Federal Reserve.
On Monday, September 29, the cost of gold rose to a new record level, exceeding the mark of $ 3,800 per ounce. The growth of quotations was facilitated by the weakening of the dollar and expectations for a reduction in the U.S. Federal Reserve interest rate, write Reuters.
"There are indications that the Fed will go for further rate cuts in October and December," the publication quoted Capital.com analyst Kyle Rodda as saying.
Gold traditionally strengthens in times of low interest rates from central banks, as well as in times of geopolitical and economic instability.
As noted, traders now estimate the probability of a Fed rate cut in October at around 90%, and the probability of an additional cut in December at around 65%.
Traders and industry experts surveyed by Reuters are forecasting a price of $4,000 an ounce next year.
On Monday, September 29, the spot price of gold on the New York Stock Exchange rose 1.5% from the previous day to $3,814.9 an ounce. U.S. gold futures for delivery in December rose 0.9% to $3,844 an ounce.
On the back of gold's rise, other precious metals also rose in price: the spot price of silver rose 2.3% to $47 an ounce, platinum rose 3.6% to $1,623.9 and palladium rose 2% to $1,295.2.
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