Gold smashes $4,000 milestone

Gold has extended its historic rally to break above $4,000 an ounce for the first time, as investors seek safe havens amid concerns over a U.S. government shutdown and uncertainty in the global economy

GOLD PRICE ($ per troy ounce)*
2023
2024
2025
4000
3600
3200
2800
2400
2000
1600

JAN 1, 2023
$1,835.05

OCT 8, 2025
$4,037.15

2024: Central banks in emerging markets start buying gold to reduce dependency on dollar

Nov 5: Trump wins election

Jan 20: Trump inauguration

Apr 2: Liberation Day sees Trump announce sweeping tariffs that impact nearly all sectors of U.S. economy – stock market crashes

Aug 25:Trump tries to fire Federal Reserve Governor Lisa Cook

*System of weights used for precious metals and gems, based on pound of 12 ounces as opposed to traditional 16. One troy ounce = 31.10 grammes
Sources: Bloomberg, BullionByPost, Royal Mint

Picture: Getty Images

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