Gold has once again reached a historic high, rising to $3,674.27 per ounce in September amidst economic instability and dollar depreciation.
Historic Peak of Gold and Its Drivers
In September 2025, gold prices reached $3,674.27 per ounce, marking a new historic high that surpasses the inflation-adjusted peak from 1980. Key drivers behind this surge include concerns about U.S. economic stability and the weakening dollar.
Market Reactions and Analyst Predictions
Amid growing concerns about U.S. economic stability, analysts anticipate further increases in gold prices. Natasha Kaneva from J.P. Morgan highlights that "we remain deeply convinced of a continued structural bull case for gold and raise our price targets accordingly."
Role of Gold in Current Conditions
Gold continues to serve as a safe-haven asset, especially in times of economic uncertainty. The increase of gold stocks by central banks, such as the People's Bank of China, indicates a trend towards accumulation. Additionally, the growing interest in gold-backed tokens underscores investors' desire for diversification and stability.
The prevailing perception of gold as a reliable asset highlights its key role in investment strategies amidst global economic uncertainty.
