Gold’s ascent in 2025 has been nothing short of staggering. After breaking above the $4,000/oz milestone for the first time ever in early October, the yellow metal went nearly parabolic. By October 20, spot gold spiked to about $4,381 per ounce, a fresh all-time hights2.tech. It then hovered near $4,300 the next day – even a 1–2% dip still left prices in the stratosphere relative to a year ago. To put the rally in perspective, gold was trading around $2,650 at the start of 2025; by late October it had vaulted ~60% higherreuters.com. “Gold’s strength reflects an extremely positive macroeconomic and geopolitical background for safe-haven assets,” noted Matthew Piggott of Metals Focus, reflecting the widespread investor anxiety propelling the metalts2.tech.