GOLD BREAKS RECORDS: Price exceeds $4000 per ounce for the first time in history amid global crises

World gold prices have reached an unprecedented level, for the first time in history exceeding the psychologically important mark of $4000 per troy ounce. This historic maximum was recorded against the backdrop of growing global economic and geopolitical instability, which provoked a massive influx of investors into the traditional safe-haven asset.

As reported by Baku.Ws with reference to data from the largest American exchange Comex, as well as leading global financial agencies, quotations of December gold futures on October 7, 2025, during trading rose to $4000.05 per ounce, which marked a new record.

Drivers of historic growth

Analysts attribute the current sharp rise in quotations, which has already amounted to more than 50% since the beginning of 2025, to a combination of powerful factors:

1. Political crisis in the USA (Shutdown): One of the key reasons that pushed investors toward the precious metal was the suspension of the U.S. federal government (shutdown). The lack of a budget compromise in the U.S. Congress forces investors to seek refuge in gold, which is traditionally considered the most reliable asset in periods of political uncertainty.

2. Geopolitical tension: Protracted conflicts, including wars in the Middle East and Ukraine, as well as the escalation of trade wars, stimulate demand for gold as an asset not subject to inflation and currency risks.

3. Dollar weakness and Fed policy: The weakening of the US dollar makes gold more attractive to holders of other currencies. In addition, expectations of a possible easing of monetary policy and further reduction in interest rates by the US Federal Reserve System reduce the attractiveness of interest-bearing assets and increase demand for non-yielding gold.

4. Central Bank purchases: The active build-up of gold reserves by the central banks of many countries, particularly China, is also a powerful factor in supporting prices. Gold purchases are used to diversify reserves and reduce dependence on the US dollar.

Analyst forecasts

Many experts predict that the rally in the gold market may continue. Scorpion Minerals Investment Director Michael Langford noted that against the backdrop of a weakening dollar, the gold price could rise to $4,300 per ounce in the next six months. Other analysts expect that in the first half of 2026, the average price may reach $4400 per ounce, as the Fed transitions to conditions of higher inflation.

Thus, gold continues to confirm its status as a key safe-haven asset in an era of global economic volatility, making it one of the most discussed topics in global financial markets.