Gold
Gold's Historic Ascent: Global Central Banks and Geopolitical Tensions, Not US Demand, Drive Unprecedented Rally
October 13, 2025 – Gold has smashed through the US$4,000 per ounce barrier, marking an unprecedented rally that has seen the precious metal achieve its 45th new price high in 2025 alone. With year-to-date returns exceeding 52%, this is gold's strongest calendar year performance since 1979, solidifying