Gold price record high as markets rush to safe havens
Gold price record high has once again captured worldwide attention. On September 29, international spot gold surged past the $3,800 per ounce level for the first time in history, touching an intraday peak of $3,839.52. This gold price hits record high marks a historic moment, with prices climbing more than 40% year-to-date, rising for six straight weeks, and eyeing a third consecutive quarterly gain. Investors are now asking: What is the latest gold price in 2025? and Why did gold hit an all-time high?
Gold price record high driven by U.S. government shutdown fears
The biggest catalyst behind this rally is the looming U.S. government shutdown. With President Trump and Congress failing to agree on a short-term spending bill, markets fear federal funding could soon run out. A shutdown could delay critical economic data releases, including the October 3 nonfarm payroll report, adding uncertainty to the Fed’s policy path. Against a backdrop of dollar weakness and heightened safe-haven demand, gold price reaches all-time high 2025 as investors shift their funds into bullion. Many now wonder: Will gold prices rise if the U.S. government shuts down?
Gold ETF surge and central bank demand fuel momentum
Adding fuel to the rally, Gold ETF holdings have surged to their highest levels since 2022, while central banks worldwide continue stockpiling reserves. Analysts highlight that the latest gold price 2025 forecast also reflects a “risk premium” linked to Fed policy uncertainty. Meanwhile, silver has skyrocketed over 60% this year, while platinum and palladium have jumped nearly 70%, boosted by severe supply shortages. Experts warn that shrinking London metal inventories could tighten the market further.
Investor voices and Wall Street bullish calls
Investor confidence is being reinforced by market influencers. Robert Kiyosaki, author of Rich Dad Poor Dad, stated he would convert $100 into silver without hesitation, predicting silver could climb from $100 to $500 within a year. His stance adds momentum to bullish market sentiment. Since early 2025, gold price break record after record, up more than 45%. Top investment banks like Goldman Sachs and Deutsche Bank agree that the gold price all time high is not the end, but possibly the start of a prolonged bull cycle.
Golden storm or golden era?
The gold price record high may be more than a short-lived spike. With U.S. political turmoil, Fed uncertainty, and global safe-haven demand at unprecedented levels, the question remains: Is this just a passing storm, or the dawn of a new golden era?