WORLD (Enmaeya News) – October 16, 2025

Gold prices reached a new record high on Thursday, lifted by growing U.S.–China tensions, expectations of U.S. interest rate cuts, and uncertainty in Washington, according to Reuters.

Spot gold rose to $4,241.77 per ounce before decreasing to around $4,217, while U.S. gold futures settled at $4,232.

The metal has now gained for five straight days and is up about 61% this year, reflecting strong demand from investors seeking safe assets during global instability.

“The mix of geopolitical risk and hopes for easier monetary policy is a powerful driver,” said one commodities strategist.

Economists expect the rally to continue if tensions persist and borrowing costs decline. ANZ Bank expects that gold could reach $4,400 per ounce by the end of the year.

Gold’s rise highlights how investors are turning to traditional assets amid global political and economic uncertainty.