Gold Price Surges Back Above $4,000 on Fed Cut and Trade Hopes – Is $5,000 Next?
Gold bars sit atop a table – the recent price jump back above $4,000 reflects booming demand amid global uncertainty. As of Oct. 29, 2025, spot gold is trading around $4,028 per ounce reuters.com, after a volatile week of record highs and sharp pullbacks. Key drivers include expected Fed rate cuts (supporting gold) and eased U.S.-China trade tensions (which briefly dented demand) ts2.tech reuters.com. Gold Price Today and Recent Trend Gold surged nearly 2% on Oct. 29, rebounding to about $4,028/oz by 10am GMT reuters.com after hitting ~$3,970 late on Oct. 28 (the weakest since early Oct). This bounce followed