Gold 24 October 2025 - 6 December 2025

As of late October 2025, spot gold is hovering around $4,000 per ounce. After breaching the $4,000 barrier for the first time in early October, gold surged to a record $4,381/oz on Oct. 20 ts2.tech. Prices then retreated briefly – falling below $4,000 around Oct. 26–27 amid easing U.S.–China trade tensions Reuters Reuters – before recovering above $4,000 on Oct. 30 in the wake of Fed rate-cut optimism Reuters. On Oct. 30, spot gold was trading near $4,004/oz, about 2% higher on the day after the Fed cut rates ts2.tech Reuters. This volatility aside, gold is still on pace for roughly a 3–4% gain in October, which would mark its third consecutive monthly rise Reuters Reuters. Year-to-date, gold’s rally has been breathtaking: from roughly $2,650 in January 2025 to about $4,000 now, a gain of over 50% ts2.tech. Reuters notes this is “on pace for its strongest annual performance since 1979” ts2.tech. To put it in context, by mid-October gold was already “more than 60% higher” than a year ago ts2.tech, a feat surpassed only by a few asset booms in history. In contrast, global stocks and most other commodities have lagged far behind, underscoring gold’s unique role as a