On October 16, 2025, the price of gold reached a new historic high, surpassing $4380 per ounce, with its market capitalization exceeding $30.38 trillion.
This is reported by Business • Media
Key Reasons for Gold’s Record Growth
Gold continues to be the primary safe-haven asset for investors during periods of heightened volatility in financial markets. According to TradingView, the price of the precious metal reached $4380 per ounce, marking an absolute record. As reported by Companies MarketCap, the total market capitalization of gold exceeded $30.38 trillion, confirming its status as a key asset for capital preservation worldwide.
Since the beginning of 2025, the price of gold has increased by more than 60%. The main factors driving this growth include geopolitical tensions, particularly between the U.S. and China, expectations of aggressive interest rate cuts by the Federal Reserve, massive gold purchases by central banks, trends towards dedollarization, and a strong influx of investments into gold ETFs. At the time of writing, the price of gold has stabilized around $4360 per ounce.
Gold Price Forecasts and Future Prospects
Experts note that investors are actively choosing safe assets amid a weakening U.S. dollar and expectations of a soft monetary policy. This is contributing to further increases in demand for gold. In particular, analyst Craig Erlam from OANDA’s MarketPulse emphasized:
“The outlook for gold will largely depend on the trajectory of interest rates in 2026 and the relations between the U.S. and China. If no agreement is reached and tensions escalate, gold could exceed $5000 per ounce.”
Analysts from the financial group ANZ expect that by the end of 2025, gold could rise to $4400, and by mid-2026, reach a peak of around $4600 per ounce. However, after the completion of the Federal Reserve’s rate-cutting cycle, a price correction may occur. The Trading Economics platform forecasts price stabilization at $4066 by the end of the current quarter, with a potential rise to $4248 over the next 12 months.
Among the main drivers of gold price growth, experts highlight:
- expectations of Federal Reserve rate cuts;
- weakening of the U.S. dollar;
- escalation of trade conflicts between the U.S. and China;
- increased demand for safe-haven assets;
- active gold purchases by central banks.
It is worth noting that the previous record price for gold was recorded on September 22, against the backdrop of significant corrections in the cryptocurrency market.