Marketplace All-in-One Gold prices surge to a new record
Oct 8, 2025
Gold hits unprecedented heights, surpassing $4,000 an ounce due to political and economic unrest. Investors are flocking to this safe haven amid expectations of a US government shutdown and missing economic data. Meanwhile, UK Prime Minister Keir Starmer faces backlash over visa restrictions during a trade summit in India. The rise of 'golden visas' for wealthy migrants sparks debate on their impact. And, Cristiano Ronaldo becomes soccer's first billionaire, thanks to a lucrative contract extension.
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Gold Rally Fueled By Uncertainty
- Investors buy gold during political and economic uncertainty as a safe store of value.
- Low interest rates and missing government data have amplified demand, pushing gold past $4,000 an ounce.
Missing Data Raises Safe-Asset Demand
- The US government shutdown removed key weekly economic data, increasing market uncertainty.
- That lack of clarity made gold relatively more attractive versus stocks, bonds, and bank deposits.
Rally Likely To Continue Short-Term
- Short-term momentum suggests high gold prices may persist for now.
- The current rally mirrors the sustained 1970s surge, implying extended strength rather than a brief spike.