Particle.news
Download on the App Store
4 ARTICLES
·
5h ago

Gold Price Tops $4,000 for New All-Time High

Central-bank accumulation with record ETF inflows is driving a flight from paper currencies.

Image
BARCELONA CATALONIA, SPAIN - MAY 30: Institute of International Finance chief economist Robin Brooks speaks during the second day of the 38th meeting of the Cercle d'Economia, at the Hotel W in Barcelona, on 30 May, 2023 in Barcelona, Catalonia, Spain. This year's edition will be the first in which the Cercle has initiated a new strategy to have less presence of politicians, but with the intention that their intervention is more of a conversation than a speech. This year's meeting is divided into two blocks, geopolitics and economics, and also has several round tables on specific topics. (Photo By David Zorrakino/Europa Press via Getty Images)
Image

Overview

  • Spot gold crossed $4,000 for the first time this week, touching about $4,050 after COMEX futures breached the threshold a day earlier, taking 2025 gains to roughly 50–53%.
  • In Europe, the metal traded near a peak, with an October 8 record close around €3,475 per ounce and about €3,471 reported on October 9.
  • Central banks have been aggressive buyers, with global gold reserves valued near $4.64 trillion in October after a roughly 53% jump since late 2024 and surveys indicating most plan to add more.
  • Physically backed ETFs recorded their largest monthly inflows in September, lifting assets under management to a record $472 billion after an estimated $26 billion Q3 surge, while daily trading reached about $388 billion.
  • Analysts frame the move as a broad debasement trade tied to policy and fiscal strains, cautioning that prices could retreat if rate cuts undershoot or budgets are consolidated, while Bitcoin lags as a haven due to volatility.