Gold Breaks Record High Amid Economic Uncertainty

Gold prices surged to a new record high of $4,300 per ounce on October 16, 2025, driven by economic uncertainty and expectations of Federal Reserve rate cuts. This surge is attributed to growing demand for safe-haven assets as investors seek protection against potential market fluctuations. Central banks worldwide are increasing their gold reserves, a move away from U.S. dollar-denominated assets, further fueling the upward trend.