Gold prices reached $4,000 for the first time on Oct. 7 as investors navigated economic and geopolitical turbulence, seeking shelter in the safe-haven asset.
Gold futures surged to an intraday record high of $4,014.60 per ounce on the COMEX division of the New York Mercantile Exchange. The yellow metal has soared almost 52 percent this year.
Silver, the sister commodity to gold, reversed its meteoric ascent and slipped nearly 2 percent to below $48 an ounce. Still, prices for the white metal have advanced about 62 percent this year.
A broad array of factors has influenced the metals market in 2025, including a weaker U.S. dollar and expectations of lower interest rates….