Gold Reaches Historic High, Surpassing $3,972 Per Ounce

Gold prices reached an unprecedented record during early Asian trading, driven by heightened global economic uncertainty and market expectations of further reductions in US interest rates.

Spot gold climbed to $3,972.01 per ounce, marking its highest price ever. Meanwhile, US gold futures for December delivery rose by 0.5% to $3,997 per ounce.

This rally reflects stable bond yields and growing investor demand for safe-haven assets like gold amid currency volatility and shifting global monetary policies, especially with the US dollar strengthening against the Japanese yen.

These developments occur as global markets closely monitor economic and political changes, which continue to reshape gold prices and the broader landscape of international investments.