Gold Prices Rally to New Records in Early October 2025
Gold prices broke records above $4,000 per ounce in early October 2025, with U.S. futures peaking at $4,059.05 on October 8. The rally paused after a Gaza ceasefire but rebounded as trade and policy worries persisted. Year-to-date, gold is up over 50%, its strongest run since the late 1970s. Investors poured $64 billion into gold-backed ETFs, driven by Fed rate-cut bets and global uncertainty.