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Gold price tops $4,000 for first time

Gold price tops $4,000 for first time

[Gold Newsletter #284] Gold Price: $3,969.11 News: Why gold is having its biggest year since 1979, gold’s record rally is helping China challenge Trump and the dollar, is Wall Street starting to embrace gold? Gold price forecasts: $4,900 to $10,000.

October 09, 2025

A summary of the most important gold news and analysis of the last week.

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Gold price

Gold price: $3,969.11 $XAUUSD ( 0.0% ) [View live gold price.]

Change from last week: $124.33 (3.23%)

Gold news

This week’s summary of gold news and analysis.

• Gold price tops $4,000 per ounce for first time [Goldscape]

"The gold price has been on a historic bull run in 2025. The price of gold was 2,606.72 at the start of the year, and gold passed $3,000 per ounce on the 14th of March."

• Gold price tops $3,900 per ounce for first time [Goldscape]

"Gold price passed $3,900 USD per ounce for the first time on 5 October, 2025."

• Why gold is having its biggest year since 1979 [CNN]

• Seismic shift: Morgan Stanley recommends 60/20/20 portfolio with 20% allocated to Gold [FX Street]

"Is Wall Street starting to embrace gold?

For years, mainstream investment gurus have steered clients away from gold. But with the yellow metal gaining more than 87 percent since January 2024, it’s getting hard to ignore the yellow metal."

• Investors flock to gold ETFs as metal's price shatters records [Reuters]

• Central bank gold statistics: Central bank gold buying rebounds in August [World Gold Council]

• Gold’s record price is driven by the ‘debasement trade,’ China, and fear of an AI bubble, analysts say [Fortune]

• Ingots We Trust [Paul Krugman]

"Are soaring gold prices telling us something important?"

🔮 Gold price forecasts

• Goldman Sachs now sees $4,900 gold by Q2 2026 on rising ETF and steady central bank demand [Kitco]

• Gold will reach $5,000 next year, $10,000 by 2030: Ed Yardeni [Benzinga]

Updated: Can gold go beyond $10,000 per ounce? [Goldscape]

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🌐 World gold news

Gold news from a global perspective.

🇧🇬 Bulgaria

• Bulgaria's central bank buys gold ahead of 2026 euro adoption [SeeNews]

🇨🇳 China

• China’s central bank aids gold’s record-setting run with 11-month buying streak [SCMP]

• China turns gold into a weapon against the dollar's reign [GuruFocus]

• China’s gold buyers squeezed by record-breaking price surge [Mining]

• Gold’s record rally is helping China challenge Trump and the dollar (archive) [Bloomberg]

"Beijing is seizing the opportunity to offer up an alternative to US financial dominance."

• Expert says China’s new gold hubs signal a time-zone power shift [Bitcoin . com]

"The Shanghai Gold Exchange’s offshore vault push has shifted the center of gravity in bullion—and Dr. Nomi Prins says Washington can feel the wobble."

"Gold's giant consumers flip adornment for investment..."

• Gold rush! Despite gold prices at record high, central banks add yellow metal to forex portfolio; but RBI isn't buying as much as last year [The Times of India]

🇮🇩 Indonesia

• Indonesia's Merdeka starts operation at gold mine with 200 tons in reserves [Nikkei Asia]

"Precious metal has become an investment of choice in the country amid economic uncertainties."

• Is Bank Indonesia selling dozens of tons of gold reserves? [Kompas]

"The World Gold Council stated that Bank Indonesia sold 13 tons of gold reserves. However, Bank Indonesia's data indicates that its gold reserves grew by 24.77 percent."

• Bank Indonesia denies selling 11 tons of gold reserves [Jakarta Globe]

🇮🇶 Iraq

• Iraq to launch global gold city to localize jewelry industry [Iraqi News]

🇵🇰 Pakistan

• South Asian women might be the winners of the gold rush [CNN]

🇸🇬 Singapore

• Gold is booming. From mega vaults to discreet transport, who are the key players in Singapore? [The Business Times]

🇿🇦 South Africa

• South Africa missed out on gold’s record run [Finimize]

"Decades of weak policies and underinvestment left South Africa trailing global rivals as gold prices hit all-time highs."

🇸🇾 Syria

• Syria moves to overhaul gold trade with law amendment, refinery licensing [Sana]

🇹🇷 Türkiye

• Under-the-mattress gold weakens inflation fight: Karahan [Hurriyet Daily News]

"Central Bank Governor Fatih Karahan has warned that the country’s vast stock of “under-the-mattress” gold — estimated at around $500 billion — is undermining efforts to bring inflation under control."