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Wednesday, October 08, 2025

Gold's rally far from over as bullion could hit $5,000 mark, analysts say

تم إعداد هذا المنشور من قبل فيجاي فاليتشا

Gold's rally far from over as bullion could hit...

Vijay Valecha, October 8, 2025, The National

With gold prices smashing records pretty much every week, are investors too late to join the current rally? Analysts say conditions supporting gold's bull run remain firmly in place and the $5,000 mark is in sight.

Gold surged past $4,000 an ounce on Wednesday to hit an all-time high. Bullion's status as a safe haven asset amid rising economic and geopolitical uncertainty, alongside expectations of further interest rate cuts by the US Federal Reserve have driven its rise.

Spot gold was up 1.37 per cent at $4,035.11 per ounce at 11.40am UAE time on Wednesday.

The appetite for other major currencies such as the euro, yen and sterling is also weakening, she said, and this supports gold's rise with “trend and outlook” for the asset remaining positive.

Vijay Valecha, chief investment officer at Dubai-based Century Financial, agreed and said investments in gold are still viable.
He said the precious metal appears to be "overheated" from a technical standpoint. For buying gold, any profit-booking by existing investors, which could push price to the $4,000 psychological mark, followed by the $3,900 price mark, could serve as a "good entry level", he suggested.

Best-performing asset

As one of the best-performing assets of 2025, spot gold is up 53 per cent year-to-date after rising 27 per cent in 2024.

Gold price in the past year

Average weekly price in US dollars. Shaded area is the range between the maximum and minimum prices

Source

The National

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