Gold Price Soars: Ounce Tops $3,790, Hitting New Highs!
Gold “To The Moon”? Since the commencement of 2025, gold has persistently achieved unparalleled price points . The recent period has revealed fresh record peaks (historical highs) for a troy ounce of the valuable metal (roughly 31.1 g of unadulterated gold) when assessed against the US dollar. According to monetary authorities, the glittering metal is still nowhere near the termination of its optimistic period , propelled by escalating requests from national banks and an unstable financial landscape.
Main takeaways from this piece:
- Gold attained record values in 2025, exceeding $3,790 per troy ounce, impelled by expanding requirements from national banks and a shaky economic backdrop.
- The erosion of the US dollar, amplified by international political strains and the Federal Reserve’s fiscal strategy, has aided the surge of the valuable metal, regarded as a secure resource by stakeholders.
Gold above $3,790 per ounce: a well-received safe haven amidst financial instability
The highly desired and prized valuable metal has invariably been deemed a secure resource during instances of economic precariousness. This year proves to be consistent with this understanding. Given the geopolitical skirmishes in Europe and the Middle East, alongside the economic contest between the United States and China, financiers are opting for gold to safeguard their assets .
As a consequence, a troy ounce of gold touched a novel all-time pinnacle on Tuesday, September 23, surpassing $3,790 . As Investopedia mentions, several financial observers anticipate that gold will soar even more .
The media source references a report from Deutsche Bank , whereby the leading German bank projects that a troy ounce of gold might even ascend beyond $4,000 by the closure of the year! However, the performance of the valuable metal since the start of 2025 is undeniably noteworthy, registering an elevation greater than +44% from January 1. It should be noted that several encouraging elements are present , as further elaborated on.
Gold values in US dollars are at unprecedented levels. – Source: markets.businessinsider.com
National bank acquisitions and dollar devaluation, two significant aspects
Based on an investigation by the World Gold Council , also referenced by Investopedia, 95% of central managers project that global gold holdings will grow this year, 2025. Moreover, 43% even envision that their respective bank ‘s holdings will expand ( Nayib Bukele’s El Salvador has already acted on this of late).
This heightened demand from national banks is facilitating an upswing in gold prices. Yet this is only one piece of the puzzle. The decline in the US dollar is also contributing substantially.
The US currency shed more than 10% of its worth in 2025, as indicated by the US Dollar Index ( DXY ). This downturn is partly attributable to economic friction between the United States and China , but also to the fiscal strategy of the US Federal Reserve ( Fed ). Indeed, the US central body lately trimmed its benchmark interest rates , diminishing the attractiveness of the dollar for stakeholders.
A feeble dollar translates to robust gold . This is because the valuable metal is predominantly evaluated in US dollars by markets to gauge its fortitude. Amid geopolitical anxieties worldwide, and the Fed’s now more pliable fiscal policy, gold continues to represent a dependable option for stakeholders . Within the cryptosphere, the query is whether Bitcoin (BTC) will additionally manage to accomplish its function as a secure resource , amidst these uncertainties and the erosion of the dollar.
Source: journalducoin.com
