Gold Price Hits Record High as BYD Shares Plunge Amid EV Price War - September 2025

Investor behavior has led to significant shifts in global markets. The price of gold surged to a record high of $3,508.50 per ounce as global economic uncertainty, influenced by US trade policies and expected interest rate cuts, drives investors toward the safe haven asset. Conversely, shares in Chinese electric vehicle maker BYD plummeted by as much as 8% on Monday. The stock drop occurred after the company reported a significant drop in profit resulting from an ongoing price war in China’s car sector. An article on the psychology of investing notes that such financial decisions are heavily influenced by emotions and biases, especially in volatile markets.

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Gold price hits record high as investors seek safety

The price of gold has surged to a record high of $3,508.50 per ounce as global economic uncertainty drives investors to seek out the precious metal as a safe haven asset. The consistent rise in price has been significantly influenced by US trade policies and expectations of interest rate cuts.