Gold Price Soars to Record High Above $4,100/Oz – What’s Behind the Rally?
Historic Highs: Gold Hits the Stratosphere In mid-October 2025 gold prices surged to unprecedented levels. On Monday Oct. 13, spot gold (the price for immediate delivery) jumped about 2.2% to ~$4,106/oz by mid-afternoon (GMT), briefly touching an all-time $4,116.77 intraday peakreuters.com. Futures for December delivery also spiked; that contract settled around $4,133/oz (up ~3.3%)ts2.tech. The rally continued into Oct. 14: spot gold rose as high as $4,179/oz in early U.S. tradingreuters.com. By comparison, gold was under $2,000 just two years ago, so this represents more than a 50% gain in 2025 alonereuters.combloomberg.com. Silver followed suit, hitting record highs (~$53.60/oz intraday on Oct. 14reuters.com)