{"id":127868,"title":"Gold Tops $4,000 for the First Time Amid Global Political Turmoil","publisher":"Share Talk","author":"sharetalk","published":"2025-10-08T09:18:21+00:00","modified":"2025-10-08T09:25:24+00:00","canonical_url":"https://www.share-talk.com/gold-tops-4000-for-the-first-time-amid-global-political-turmoil/","markdown_url":"https://www.share-talk.com/gold-tops-4000-for-the-first-time-amid-global-political-turmoil.md","json_url":"https://www.share-talk.com/gold-tops-4000-for-the-first-time-amid-global-political-turmoil.json","category":"Blogs","categories":["Blogs","Mining"],"tags":["COMEX","EU","futures","Gold","Gold Bars","Laos","Market","Morgan Stanley","MYANMAR","silver","Swiss","Switzerland","Syria","UK","United States","US dollar"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2025/10/GOLD-SILVER-OCT-scaled.webp?fit=1200%2C801&quality=80&ssl=1","format":"news","language":"en-GB","content":"The price of [gold](https://www.share-talk.com/gold-is-closing-in-on-the-4000-per-ounce-mark-hitting-fresh-record-highs/) has surged past **$4,000 an ounce** for the first time, extending a powerful rally driven by political uncertainty in **Japan, France, and the United States**, where the **federal government shutdown** continues to weigh on markets.\n\n**Spot gold** rose **1.15% to $4,029.46 per ounce**, setting another **record high**, and is now up **50% so far this year**, following gains of **27% in 2024** and **13% in 2023**.\n\nThe precious metal’s advance underscores its status as a **safe-haven asset** in times of instability and a **hedge against inflation**, as investors seek protection from mounting global risks.\n\nGold prices have surged as investors increasingly expect the **US Federal Reserve** to continue cutting interest rates this month.\n\nThe Fed reduced borrowing costs for the first time this year in **September**, and money markets now indicate an **82% chance** of two additional cuts at its final meetings of **2025**. The **United States**, the world’s largest holder of gold, now possesses **8,133 tonnes** of reserves valued at **$1.04 trillion (£776bn)** — marking the **first time any nation’s holdings have exceeded the $1 trillion threshold**.\n\n### **Silver Nears Record High as Precious Metals Rally Continues**\n\nSilver is closing in on its all-time high amid surging demand for precious metals.\n\n**Spot silver** rose to **$48.79 per ounce**, approaching the **2011 peak of $49.79**, its highest level since **1980**.\n\n**David Adams**, analyst at **Morgan Stanley**, said the recent weakness in the **US dollar** has made commodities more affordable for foreign buyers. He added that precious metals are gaining appeal as “**rising inflation can support demand for real assets**.”\n\n### **Mining Shares Lift FTSE 100 as Gold Rally Powers Past $4,000**\n\nMining stocks led gains on the **FTSE 100** on Wednesday, buoyed by gold’s historic surge above **$4,000 an ounce** for the first time.\n\n**Antofagasta**, the Chilean copper and gold miner, overtook **Lloyds Banking Group** as the top performer on the index, with shares rising **2.7%**.\n\n**Endeavour Mining**, one of the world’s largest gold producers and the biggest in West Africa, also climbed nearly **2.7%**, while **Fresnillo**, the Mexican precious metals miner and the world’s leading silver producer, gained **1.4%**."}