Gold’s 2025 rally hit fever pitch as the week began. On Monday Oct. 6, spot gold rocketed 1.8% to around $3,956/oz, after peaking at an all-time intraday high near $3,970 reuters.com. U.S. gold futures also settled ~1.7% higher at $3,976.30 reuters.com. This marked gold’s first decisive break above the $3,900 barrier – a milestone in a year that has already seen multiple record highs. Year-to-date, gold prices have surged roughly 50% reuters.com, building on a 27% gain last year reuters.com reuters.com. The rally’s underpinnings read like a checklist of classic gold drivers: expectations of easier monetary policy, rampant safe-haven demand amid global strife, persistent central bank accumulation, and a weaker dollar reuters.com.
