Spot gold prices soared to a record high of $4,050 per ounce in October 2025, significantly impacting global financial markets. This unprecedented surge has prompted central banks worldwide to review their asset allocations and triggered substantial investments from institutional investors. 2025 saw record-breaking trading volumes in gold futures and significant inflows into gold-backed ETFs, reflecting increased demand for safe-haven assets. 2025 witnessed a sharp rise in spot gold prices, prompting changes in how central banks manage their reserves. Central banks, notably those in China, are bolstering their gold holdings as a strategic move to diversify. Institutional investors saw this opportunity and set new trading volume records on futures markets. As gold prices surge, analysts closely monitor the potential for future volatility and its impact on global economies.