Gold Tops The 4K Mountain; So Where Next?

Gold reached and briefly surpassed $4,000 per ounce in early October 2025 which traded below $2,000 just two years ago, with returns that now outstrip those for equities this century. Gold has jumped more than 50% this year. This new record is both a market milestone and a signal of deeper macro‑political stress and importantly reflects a broad flight to safe assets amid concurrent geopolitical shocks, policy uncertainty, and weaker dollar momentum. The surge past $4,000 per ounce for the first time in history, is driven by global economic anxiety, political instability, and a growing loss of faith in traditional […]