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33m ago

Gold Holds Above $4,000 After Record High as Haven Demand Intensifies

Rate-cut expectations are propelling a roughly 50% year‑to‑date climb.

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A woman uses the Gold Now app, an online gold trading and savings application developed by Thailand's gold dealer Hua Seng Heng, on her mobile phone as she checks gold price, in Bangkok, Thailand, September 22, 2025. REUTERS/Chalinee Thirasupa
A staff member shows a one-kilogram gold bar at the Galeri 24 gold and jewellery shop in Jakarta, Indonesia, October 9, 2025. REUTERS/Ajeng Dinar Ulfiana
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Overview

  • Spot prices hovered near $4,038 on Thursday after a $4,059 intraday peak on Wednesday, with Comex futures breaching $4,000 for the first time earlier in the week.
  • Short-term profit-taking followed the milestone, with India’s MCX contracts and early Asian trade dipping before steadying.
  • Central-bank buying, record ETF inflows and a softer dollar have reinforced safe-haven interest, while BullionVault reported a sharp rise in first-time retail buyers in September.
  • Silver also surged, touching a record near $49.57 before easing to around $49, reflecting strong industrial and investor demand.
  • Forecasts and risks diverge as Goldman Sachs lifts its target to $4,900 by end‑2026, even as some analysts caution the market looks overbought and vulnerable to sharp pullbacks.