Gold prices surge to record high on global market

On October 6, 2025, gold prices reached an all-time high, surpassing $4,000 for the first time, The New York Times reported.

Over the past year, the price of an ounce (31.1 grams) of gold has surged nearly 50%, marking one of the largest annual increases in history. At the start of trading on the New York Stock Exchange, an ounce of gold was valued at $3,886. The price peaked at $3,969 during the day before settling around $3,960 in the evening.

Several factors contributed to this sharp rise in gold prices. Most notably, the temporary shutdown of the US government on October 1 sparked concern among investors. As a result, many shifted their funds into gold, widely regarded as a safe-haven asset.

Geopolitical and economic uncertainty has persisted since the beginning of 2025. According to Bloomberg, the price of an ounce of gold was $2,623 at the start of the year, and it has now nearly reached $4,000. In addition, the US Federal Reserve cut interest rates in September for the first time in nine months, further boosting demand for gold.

’’The experts at Deutsche Bank predict that if this trend continues, gold prices could exceed $4,000 per ounce in 2026. Strong demand from central banks, a weakening US dollar, and the possibility of further rate cuts by the Federal Reserve drive this potential increase.’’

It is worth noting that between January and August this year, Uzbekistan exported $8.42 billion worth of gold, setting a new record in gold sales.