Gold Hits New Heights, Climbing Past $4,100
Gold just smashed another record. The yellow metal surged to an all-time high of $4,116.77 per ounce on Monday, marking a stunning 56% rise so far in 2025. It’s the first time ever gold has crossed the $4,100 mark — and experts say the rally may not be done yet.
Spot gold was up 2.2% at $4,106.48 per ounce around 1:47 p.m. ET, while U.S. gold futures settled 3.3% higher at $4,133, according to Reuters data.
The latest leg of the rally comes on the back of renewed U.S.-China trade tensions, geopolitical worries, and expectations of Federal Reserve rate cuts — all of which have investors piling into safe-haven assets like gold.
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Central Banks and Investors Drive the Surge
Analysts say strong central bank buying, steady ETF inflows, and the prospect of lower interest rates are keeping gold prices elevated.
“Gold could easily continue its upward momentum. We could see prices north of $5,000 by the end of 2026,” said Phillip Streible, Chief Market Strategist at Blue Line Futures.
The metal’s appeal has grown as the U.S. dollar weakens and bond yields soften, making gold — a non-yielding asset — more attractive.
Fed Policy and Trade Tensions Add Fuel
Markets are currently pricing in a 97% chance of a 25-basis-point rate cut in October and a 100% probability of another in December. Lower interest rates tend to push investors toward gold, which holds its value better when yields drop.
Adding to the rally, U.S. President Donald Trump reignited trade tensions with China, ending a brief truce and sending investors scurrying for safe assets.
Analysts See $5,000 by 2026 — But a Pause Would Help
Big banks are turning increasingly bullish. Bank of America and Société Générale now forecast gold to reach $5,000 by 2026, while Standard Chartered has raised its 2026 average target to $4,488 per ounce.
Still, not everyone is calling for an uninterrupted climb.
“This rally has legs, but a short-term correction would be healthy for a longer-term uptrend,”said Suki Cooper, Global Head of Commodities Research at Standard Chartered.
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Silver, Platinum, and Palladium Join the Party
Gold isn’t the only precious metal shining. Silver jumped 3.1% to $51.82, hitting a record $52.12 earlier in the day. Platinum rose 3.9% to $1,648.25, while palladium gained 5.2% to $1,478.94.
However, analysts warn that both gold and silver are now technically overbought, with their Relative Strength Index (RSI) readings at 80 and 83, respectively — levels that typically signal a cooling-off period may be near.
The Bottom Line
Gold’s record-breaking run in 2025 tells a clear story — the world is on edge, and investors are seeking safety wherever they can find it. Whether it’s trade wars, central bank moves, or interest rate cuts, the yellow metal has once again proven it thrives in uncertainty.
If predictions hold true, we might just see gold glitter past $5,000 before the decade closes
(With inputs from Reuters)
