Thursday, 02 October

Gold price soars to record $3,825 per ounce

Business
Gold price soar

Global gold prices have climbed to an unprecedented level, reaching $3,825 an ounce, marking a new all-time high.

The Spectator Index in a tweet on X, on September 29, 2025, attributed the surge to heightened demand for safe-haven assets, driven by global economic uncertainty, persistent inflationary pressures, and ongoing geopolitical tensions.

 

The sharp rise signals renewed investor confidence in gold as a reliable store of value amid volatile financial markets.

Traders are closely watching whether the precious metal will maintain its upward trajectory in the coming days.

Gold price: Three years ago: $1660Now: $3811

Source: Classfmonline.com/cecil Mensah