Gold Tops $4,000/oz: Is this a New Trend or Turning Point?
The rapid surge in prices was mainly driven by strong investment demand amid rising geopolitical tensions and dollar weakness.
SEATTLE (Scrap Monster): Gold prices have reached a new milestone, surpassing $4,000 per ounce, prompting questions about whether this marks a trend or a market turning point. According to the World Gold Council (WGC), this is the 45th all-time high for gold in 2025 alone. Remarkably, the yellow metal surged from $3,500 to $4,000 per ounce in just 36 days, compared with 1,036 days it took to rise from $3,000 to $3,500.
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The rapid price increase has been fueled by strong investment demand amid rising geopolitical tensions, a weakening U.S. dollar, and heightened risks in equity and bond markets. Investor interest in gold is evident in gold ETFs, which added $21 billion since the end of August, bringing year-to-date ETF flows to $67 billion and total holdings to 3,857 tonnes.
The WGC highlighted that while gold at $4,000 per ounce may face short-term volatility and tactical profit-taking, the metal’s long-term strategic foundation remains solid. Factors supporting ongoing demand include a diverse investor base, shifts in the global macroeconomic landscape, and continued policy uncertainty, positioning gold as a key hedge in volatile markets.