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Originally published by Capital Businessbusiness
October 8, 2025
2h ago
Gold hits record $4,000 an ounce as uncertainty fuels rally
OCT 8 - The price of gold has hit a record high of more than $4,000 (£2,974) an ounce as investors look for safe places to put their money over concerns Kenya breaking news | Kenya news today |..
✨ Key Highlights
Gold prices have soared to a record high of over $4,000 (£2,974) an ounce, driven by global economic and political uncertainty, marking its biggest rally since the 1970s.
- The price of gold has risen by more than 25% since April, with spot gold hitting $4,000 on Wednesday morning in Asia.
- Analysts like rates strategist Christopher Wong from OCBC attribute the rise to factors such as US tariffs, delays in economic reporting due to the US government shutdown, and a weakening US dollar.
- Gregor Gregerson, founder of Silver Bullion, noted a more than doubling of customer numbers in the last year, with many clients being long-term holders viewing gold as a safeguard against uncertainty.
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