CROSBY Research – Gold price breaks above $4,000 an ounce for the first time

10 Oct 2025

Gold extended its historic rally to break above $4,000 an ounce for the first time on Wednesday, driven by strong investment demand amid broader geopolitical and economic uncertainty, along with expectations of further interest rate cuts from the Federal Reserve. Traditionally, gold is seen as a store of value during times of instability. As one of the best-performing assets of 2025, spot gold is up 53% YTD after rising 27% in 2024. Gold thrives in a low interest rate environment and during economic uncertainty. It is considered a resilient investment and a hedge against inflation, with investors betting it will retain its value when prices rise.