For the first time, the price of gold has surpassed $4,400 (£3,275) per ounce, setting yet another new high. According to specialists, the price of the precious metal has risen due to expectations that the US central bank will lower interest rates further in the coming year.
Gold began the year at $2,600 an ounce. Still, investor demand for safe-haven assets like gold and other commodities has increased amid global uncertainties, Trump’s tariffs, and expectations of a rate cut.
Silver reached a record high on Monday, as did the prices of other precious metals. According to Adrian Ash, director of research at the gold bullion marketplace BullionVault, the cost of gold has increased by more than 68% this year, the most since 1979.
According to Mr. Ash, “slow-burning trends around interest rates, around war and trade tensions” have contributed to an increase in the price of gold in 2025. Gold has surged this year, and the precious metals market claims that President Trump has actually set off something.
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