Summary
The price of gold reached a record high of over $4,400 an ounce due to expected interest rate cuts by the US central bank. Geopolitical tensions and trade issues have increased investors' interest in safe assets like gold. The value of other precious metals, including silver and platinum, has also risen significantly this year.
Key Facts
- Gold prices exceeded $4,400 an ounce for the first time.
- At the start of the year, gold was valued at $2,600 an ounce.
- The rise in price is linked to expected interest rate cuts by the US central bank.
- Gold prices have increased by more than 68% this year.
- Silver also reached a record price of $69.44 an ounce.
- Silver prices have risen by 138% so far in 2025.
- A weaker US dollar made gold cheaper for overseas buyers.
- Platinum has hit a 17-year high due to strong demand and supply constraints.
