Gold price today, Tuesday, October 7, 2025: Gold opens at record high, surpasses $4,000

Core Insights - Gold futures opened at a record price of $3,983 per ounce, reflecting a 0.9% increase from the previous close of $3,948.80, with prices briefly surpassing $4,000 during early trading [1] - Goldman Sachs analysts predict gold prices could reach $4,900 per ounce by December 2026, up from a previous forecast of $4,300 by the end of next year, attributing the surge to a weaker dollar and gold's safe-haven status [2] - The current price of gold has increased significantly, with a 4.1% rise from the opening price of $3,827.50 one week ago and an 11.6% increase from $3,567.80 a month ago, marking a 50.4% rise from $2,648.70 a year ago [3] Price Dynamics - The opening price of gold futures on Tuesday was $3,983 per ounce, up 0.9% from Monday's close [3] - Over the past week, gold prices have risen by 4.1%, and over the past month, the increase is 11.6% [3] - Year-over-year, gold prices have surged by 50.4% [3] Market Influences - Increased demand for gold is driven by central banks, retail investors, and gold-backed ETFs, alongside geopolitical conflicts and trade tensions due to U.S. tariffs [2] - Investors are anticipating lower interest rates from the Federal Reserve, making gold more attractive compared to yield-bearing assets [2] Historical Context - Gold has shown significant volatility historically, with notable trends including a decline of over 65% from April 1934 to July 1970 and a rise of nearly 850% from July 1970 to January 1980 [14] - The long-term performance of gold indicates potential for both significant gains and losses, emphasizing the importance of careful allocation in investment strategies [12][13]