Gold prices exceed $4,500 for the first time

In a historic move, the global gold price has breached the psychological barrier of $4,500 per ounce for the first time in history. On Wednesday (December 24, 2025), spot gold prices touched an all-time high of $4,525.19, driven by intense safe-haven demand and geopolitical uncertainties.

Analysts attribute this massive rally to a combination of factors: central banks aggressively increasing their gold reserves, a weakening US dollar, and expectations of further interest rate cuts by the Federal Reserve in 2026. This year alone, gold has gained over 70%, marking its best performance since 1979. Along with gold, silver and platinum have also hit new record highs, signaling a massive shift in global investment toward precious metals.