The price of gold on world exchanges rose to $3,550 per ounce, equivalent to $114 per gram, setting a new all-time high for this investment asset. At the same time, other precious metals are growing in value – platinum, palladium and silver, which has reached its highest level in the last 14 years. reports Bloomberg.
As of September 1, gold futures for December 2025 delivery exceeded $3,550 per troy ounce for the first time in history, breaking the previous record high of $3,500 set in April, data from Comex, part of the New York Mercantile Exchange, showed. At the same time, on the spot market, the price of gold remains around $3,500 per ounce.
Overall, gold has gained more than 30% in 2025, and its price is expected to continue reaching new highs in the coming quarters. A similar trend is observed in the silver market: since the beginning of the year, it has increased in price by more than 40%, and the current level of $ 40 per ounce exceeded the record of 2011.
Among the main factors of the increase in the value of precious metals are the reduction of interest rates, economic indicators and geopolitical risks. In addition, investors are worried about the tough position of US President Donald Trump regarding the Fed. Markets await the court’s decision to determine whether Trump has legal grounds to remove Fed Chair Lisa Cook from the post of head of the central bank.
We will remind you that in April of this year gold exceeded the mark of $3,500 per ounce for the first time – then the growth was also associated with Trump’s statements about his intention to fire the then chairman of the Fed, Jerome Powell.
