Gold Soars to Record $3,982 as Trump's Presidency Fuels Uncertainty
On October 6, 2025, December gold futures soared to an unprecedented high of $3,982 per ounce. This significant jump was primarily fuelled by escalating economic and geopolitical uncertainty following the return of Donald Trump to the presidency.
Trump's second term commenced on January 20, 2025, and his presidency coincided with a remarkable surge in gold prices. By October, the gold price had climbed by nearly 50 percent from the previous year. Market analysts attributed this sharp increase to the ongoing U.S. government shutdown and Trump's policies, which amplified uncertainty and drove investors to seek refuge in gold.
The precious metal's price had already been on an upward trajectory, reaching record highs above $3,500 per ounce. However, Trump's return to power and the subsequent shutdown accelerated this trend, pushing the price of gold to new heights.
By October 6, 2025, the gold price had reached an all-time high of $3,982 per ounce, reflecting investors' growing appetite for safe haven assets amidst escalating economic and geopolitical uncertainty under the Trump administration.
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