Wednesday, October 08, 2025
Gold's rally far from over as bullion could hit $5,000 mark, analysts say
By Vijay Valecha in 'Century in News'
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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.
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
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