By William Collins, consultant in stock markets – Eurasia Business News, October 16, 2025. Article no 1835
Comex gold prices settled 2.47% higher at $4,280.20 per ounce, marking a new record high. This surge in gold’s price reflects a significant milestone and is primarily driven by escalating geopolitical tensions, notably between the United States and China, which have led investors to seek safe-haven assets amidst heightened global uncertainty.
The gold futures for this day reached an intraday high around $4,314.50 and had a low of approximately $4,214.50. The price movement was driven by escalating geopolitical tensions, particularly between the United States and China, prompting investors to flock to gold as a safe-haven asset amid global uncertainties.
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Additionally, expectations of dovish monetary policy by the U.S. Federal Reserve, including anticipated interest rate cuts, reduced the attractiveness of the U.S. dollar and boosted gold demand. Over the past year, gold has surged about 59%, reflecting robust institutional demand and central bank accumulation. This rally underscores gold’s role as a hedge in times of geopolitical and economic stress.
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© Copyright 2025 – Eurasia Business News. Article no. 1835
Eurasia Business News 