The new price reflects a nigh high for gold
Gold price hit an all-time record of $4,070 per ounce on Monday, October 13, 2025, driven largely by safe-haven demand, amid renewed trade tensions between the US and China.
President Donald Trump, on Friday, October 10, 2025, threatened to impose an additional 100 percent levy on Chinese exports with new export controls on critical software, effective November 1, 2025.
The US government shutdown is on track to extend into a third week as Congress remains deadlocked on a funding plan.
Spot gold surged past the $4,000 mark on October 10, 2025, edging closer to the all-time high of $4,070.
Gold has risen roughly 52% in 2025 and was on track for a 3% weekly gain in its eighth consecutive week.
Gold price hits all time record surpassing $4,000 for the first time
Half of the gold consumption in the world is in jewelry, 40% in investments, and 10% in industry.
The biggest producers of gold are China, Australia, the United States, South Africa, Russia, Peru, and Indonesia.
The biggest consumers of gold jewelry are India, China, the United States, Turkey, Saudi Arabia, Russia, and the UAE.
SP/AE
Watch the latest edition of BizTech below: