Gold price climbs above $4,400 to hit record high

What’s Happening

Let’s talk about Investors are flocking to precious metals amid geopolitical tensions and with more US interest rate cuts expected.

Gold price climbs above $4,400 to hit record high 6 minutes ago Save Josh Martin Business reporter Save The gold price has hit another record high, trading above $4,400 (£3,275) an ounce for the first time. The price of the precious metal has risen on expectations the US central bank will cut interest rates further next year, analysts dropped. (yes, really)

Gold kicked off the year worth $2,600 an ounce, but geopolitical tensions, the Trump tariffs and expectations of rate cuts have added to investor demand for safe haven assets, such as gold and other commodities.

The Details

The prices of other precious metals, such as silver and platinum, have also risen. The spot price of gold hit a high of $4,420 on Monday before slipping back.

The gold price has risen more than 68% this year, the highest increase since 1979, according to Adrian Ash, director of research at gold bullion marketplace BullionVault. 2025 has seen “slow-burning trends around interest rates, around war and trade tensions”, Mr Ash dropped, which have helped to push up the price of gold.

Why This Matters

“The precious metals market says that President Trump has fr triggered something – and gold has gone crazy this year. “Youve got the trade war, the attacks on the US Federal Reserve and youve got geopolitical tensions, all of those provocations come from Trump,” he dropped. Lower interest rate expectations typically mean lower returns for investments such as bonds, so investors look to commodities such as gold and silver to get a return, but also diversify their portfolios.

This reflects broader trends we’re seeing in the business world right now.

The Bottom Line

The consensus among analysts rn is that the US will lower interest rates twice in 2026. Another factor adding to demand is that central banks globally are expanding their own physical holdings of gold as a way to counter economic turbulence, reduce reliance on the US dollar, and diversify their own portfolios, according to analysis from Goldman Sachs, which predicted the pattern would continue in 2026.

What’s your take on this whole situation?