Gold reached a new all-time record on Wednesday, exceeding $4,500 per ounce, in a market driven in part by expectations of U.S. central bank interest rate cuts.
The yellow metal, long seen as the ultimate safe haven, climbed as high as $4,519.78 per 31.1 grams, marking an extraordinary rise of more than 70 % so far in 2025.
This surge is part of a broader rally across precious and industrial metals: silver and platinum also hit record levels recently, reflecting both investor demand for safe assets and structural support from industrial demand linked to energy transition and electrification.
Investors are also betting on possible interest rate cuts by the U.S. Federal Reserve in 2026 after recent data pointed to a cooling U.S. labor market and slowing inflation, which has boosted demand for gold as a hedge.
