Gold Price Soars to Record High Above $4,100/Oz – What’s Behind the Rally?
Spot gold hit a record high above $4,116 per ounce on Oct. 13, then reached around $4,179 on Oct. 14, up about 56–57% year-to-date. Surging safe-haven demand, expectations of imminent Fed rate cuts, and fears of monetary debasement fueled the rally. U.S. December gold futures topped $4,130, and global gold ETFs saw $64 billion in inflows so far in 2025. Jewelry demand fell in key markets as prices soared.