Gold price tops $4,300 per ounce for first time

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

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Gold price

Gold price: $4,369.80 $XAUUSD ( 0.0% ) [View live gold price.]

Change from last week: $400.69 (10.10%)

Gold news

This week’s summary of gold news and analysis.

• Gold price tops $4,300 per ounce for first time [Goldscape]

"The price of gold passed $4,300 USD per ounce for the first time on 16 October, 2025. Gold reached the historic $4,000 mark on the 8th of October, and the gold price has continued its historic bull run by reaching $4,100 on the 13th of October and $4,200 on the 15th of October."

• Gold price could go ‘a lot higher’, and miners are still undervalued after 100% gains – BlackRock’s Hambro [Kitco]

• In world’s biggest gold markets buyer demand is unrelenting (archive) [Bloomberg]

"From India to China and Turkey, the rush to buy gold despite this year’s nearly 60% ascent to a record high stems from multiple projections that today’s eye-watering levels will likely look like a bargain in a few months’ time."

• How long will gold mania last? (archive) [Financial Times]

"Professional and retail investors are swarming to buy the precious metal, raising the risk of a bubble."

• Why soaring gold prices could be a warning sign for the economy [ABC News]

• What would it take to back the dollar with gold? [Crisis Investing]

• Southeast Asian 'gold rush' fuels wave of business projects ($) [Asia Nikkei]

"From lion-embossed bullion to new mining sites, companies ride investment boom."

🔮 Gold price forecasts

• ANZ forecasts gold to hit $4,400/oz by year-end, peak at $4,600/oz by mid-2026 [Reuters]

• ‘All that glitters is fear’ as $5,000 gold is now ‘increasingly inevitable’ – Societe Generale [Kitco]

• BofA lifts 2026 gold forecast to $5,000/oz, sees silver at $65 [Reuters]

• $5,000 gold: logic, not lunacy, in a de-dollarizing world [Asia Times]

"Gold’s dizzying rally likely has legs as Trump does everything imaginable to discredit and debase the dollar."

• Gold on track for $5,000 as precious metal hits new record high to nudge $4,300 for first time [This is Money]

• Jamie Dimon says gold can "easily go to $5,000 or $10,000" [Zero Hedge]

• At this rate, the price of gold could soar to $10,000 per ounce in just three years [Fortune]

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🌐 World gold news

Gold news from a global perspective.

🇦🇺 Australia

• Fossicking for a fortune: the price of gold is sky-high, and prospectors in Victoria hope to cash in [The Guardian]

• Remarkable $9,000 discovery in bush highlights gold 'frenzy' hitting Australia [Yahoo News]

🇨🇳 China

• 2025 Chinese jewellery retailer insights: Gold and self-wear remain key [World Gold Council]

• Gold fever grips China, but regulators say beware [Caixin Global]

🇬🇭 Ghana

• State-run gold body has boosted Ghana's foreign reserves, central bank chief says [Reuters]

🇮🇳 India

• Gold’s Diwali gloom hides quiet glitter in India’s bullion backrooms [The Economic Times]

• India's love for gold: Indian households now hold $3.8 trillion worth gold; here's what Morgan Stanley says [The Times of India]

• Price surge weighs on gold, silver sales in India’s Diwali market [SCMP]

"With prices soaring amid US-China tensions, consumers have been looking to coins and bars as a safer form of investment, observers say."

🇮🇶 Iraq

• Iraq boosts gold reserves as global prices hit record highs [Shafaq News]

🇮🇹 Italy

• Italy's tenacious stance on gold pays off as prices soar [Reuters]

🇰🇪 Kenya

• Kenya turns to the Bank of England for gold in a bid to protect its economy [Business Insider Africa]

🇸🇬 Singapore

• Singapore investors join gold rush as record-breaking rally continues [The Straits Times]

🇿🇦 South Africa

• South African gold producers see bright future amid soaring prices [Mining Weekly]

🇰🇷 South Korea

• Gold frenzy in South Korea drives record ‘kimchi premium’ [The Korea Herald]

"Local gold trades nearly 20% above global prices, as demand outpaces supply."

🇸🇩 Sudan

• Sudan says gold output hits 53 tonnes in nine months [Sudan Tribune]

🇹🇷 Türkiye

• Turkey’s $500 billion gold hoard complicates inflation fight [Mining]

🇦🇪 United Arab Emirates

• UAE Central Bank’s gold reserves top Dh30 billion for first time [Gulf News]

• Dubai unveils ATM-like machine that tells you if your gold is pure [Gulf News]

🇬🇧 United Kingdom

 • Tudor treasure: Henry VIII’s gold love pendant goes on display at the British Museum [Ian Visits]

🇻🇳 Vietnam

• Vietnam to establish domestic gold exchange, aims to stabilize market [VietNamNet Global]

• Vietnamese rush to buy gold but face empty shelves on first day as state lifts bullion monopoly [VnExpress]

Gold-backed cryptocurrency

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• Why tokenized gold is booming as spot gold breaks records [Cryptonews]

• Nasdaq-listed Aurelion expands treasury with $134 million in Tether Gold [Coin Central]

Read more about gold-backed cryptocurrencies.

Gold Weekly features curated articles from various sources and is not financial advice.

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