Gold Price Soars to $4,300 as Investors Seek Safe Haven Amidst Global Instability

Gold prices surged past the $4,300 mark per ounce on October 16, 2025, reflecting investor confidence in safe haven assets amidst global economic uncertainties. Driven by rising demand from central banks and a shift away from riskier cryptocurrencies, gold’s market capitalization reached an unprecedented $30 trillion. This surge in gold prices has implications for both traditional financial markets and the burgeoning cryptocurrency industry.