Price of Gold Reaches All-Time High, Surpasses $4,000 an Ounce

Published OCT 7·Updated OCT 8

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Above: An employee arranges gold bars at a precious metals refinery in Arezzo, Italy on May 6, 2025. Image copyright: Alessia Pierdomenico/Bloomberg/Getty Images

The Spin

Narrative A

These highs in gold prices are being driven by the significant anxiety in global markets. Investors are reacting to a myriad of factors causing uncertainty in the world economy, be it the U.S. government shutdown or the political developments in France and Japan.

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Narrative B

It is highly unusual for both gold and stock prices to be up, suggesting there is a growing bubble waiting to burst. As soon as that happens, we can expect to see a course correction and a global recession.

MINING.COM The Financial Express