Gold value climbs above $4,400 to hit file excessive | EUROtoday

The gold value has hit one other file excessive, buying and selling above $4,400 an oz for the primary time.

The value of the valuable metallic has risen on expectations the US central financial institution will reduce rates of interest additional subsequent yr, analysts mentioned.

Gold began the yr value $2,600 an oz, however geopolitical tensions, the Trump tariffs and expectations of charge cuts have added to investor demand for protected haven belongings, resembling gold and different commodities.

The costs of different valuable metals, resembling silver and platinum, have additionally risen.

The spot value of gold hit a excessive of $4,420 on Monday earlier than slipping again.

The gold value has risen greater than 68% this yr, the best improve since 1979, in keeping with Adrian Ash, director of analysis at gold bullion market BullionVault.

2025 has seen “slow-burning trends around interest rates, around war and trade tensions”, Mr Ash mentioned, which have helped to push up the value of gold.

“The precious metals market says that President Trump has really triggered something – and gold has gone crazy this year.

“You’ve bought the commerce conflict, the assaults on the US Federal Reserve and you have geopolitical tensions, all of these provocations come from Trump,” he said.

Lower interest rate expectations typically mean lower returns for investments such as bonds, so investors look to commodities such as gold and silver to get a return, but also diversify their portfolios.

A weaker US dollar has also helped push gold prices higher by making the metal cheaper for overseas buyers,

Other precious metals have also had record years. The price of silver also hit a record of $69.44 an ounce on Monday.

For 2025 so far, silver is up 138% year-to-date and platinum is at a 17-year high, vastly outperforming gold, underpinned by strong and supply constraints, according to analysts.

Unlike gold, the opposite valuable metals are additionally used broadly in industrial manufacturing which helps stoke demand.