Skip to main content
See every side of every news story
Published loading...Updated

The price of gold reached $4,000 an ounce for the first time ever

Gold futures climbed over 50% this year, driven by geopolitical tensions, U.S. government shutdown, and expectations of Federal Reserve rate cuts, analysts said.

  • On Tuesday, Oct. 7, gold futures for December delivery settled at $4,004.4, after briefly touching $4,005.80 and futures surged past $4,000 for the first time.
  • Markets expecting further Fed rate cuts are shifting into safe havens as the dollar has weakened about 10% year-to-date and the current rate of inflation is 2.9%.
  • Global ETFs backed by gold and central banks have recorded heavy inflows, pushing prices up 52% in 2025, while retail outlets Costco and Walmart sell out PAMP Suisse 1-ounce gold bars priced around $4,193.
  • Major U.S. stock indexes fell on Tuesday, the S&P 500 ending lower and the Dow Jones Industrial Average fell 91.99 points, while analysts caution that short-term volatility could persist.
  • Goldman Sachs now projects prices near $4,900 by end of next year as central banks and monetary authorities ramp up gold purchases amid de-dollarization trends.
Insights by Ground AI

111 Articles

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 46% of the sources are Center
46% Center

Factuality 

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

New Strait Times broke the news in Malaysia on Tuesday, October 7, 2025.
Sources are mostly out of (0)
News
For You
Search
BlindspotLocal