Gold has smashed through another psychological barrier, leaping past $3,600 an ounce after a weak U.S. jobs report intensified expectations of a Federal Reserve rate cut next week.
The gold spot price has increased an astounding 43% in a year. On September 2nd, 2025, the precious metal surged past its previous record of $3,500.
The gold spot price remains on an upward trajectory this year. Currently trading well above $3300, Citi is the latest major financial institution to raise its price forecast.
During times of economic uncertainty and geopolitical instability, gold historically performs well. It is viewed as a reliable store of value and offers hedging opportunities. Gold plays a key role in diversification due to its low correlation with other asset classes, which strengthens portfolios, especially during periods of market volatility.
From the moment gold coins were first struck on the order of King Croesus of Lydia in around 550 BC, the precious metal has captivated. Revered by empires, coveted by explorers, and hoarded by kings (and more recently central banks), gold has always been more than a currency; it’s been a symbol of value, power, and permanence.
Valued at US$18.1 billion in 2023, the global coin collecting market is projected to more than double to US$43.9 billion by 2034.
The gold market has had a remarkable run, with 2024 seeing repeated all-time highs and 2025 already following suit.
The meteoric rise of gold shows no sign of slowing in 2025, with the precious metal surpassing the landmark $3,000 per troy ounce level for the first time.
