By Dennis Ndlovu | Zim GBC News
Gold prices surged to a new record, surpassing USD $4,400 (£3,275) an ounce for the first time in history.
According to goldprice.org, gold has seen a dramatic rise over the past decade, with the price climbing from a low of 1,060.10 in 2015 to a record high of USD$ 4 434.30 by December 23, 2025, a staggering 311.65% increase.
While the price remained relatively steady between 2015 and 2018, a sharp upward trend began around 2019, accelerating significantly from 2023 onwards.
The surge reflects growing global uncertainty, monetary policy shifts, and rising investor demand for stable, tangible assets amid economic volatility.
Analysts attribute the rise to growing speculation that the US Federal Reserve will introduce further interest rate cuts in the coming year.
Beginning 2025 at USD$ 2,600 per ounce, gold’s value has been driven up by rising geopolitical tensions, ongoing trade disputes tied to Trump-era tariffs, and expectations of lower rates factors that have increased the appeal of safe-haven investments like gold and other commodities.
Monday also saw gains across other precious metals, with silver also reaching a new high.
Gold has climbed over 68% so far this year, marking its steepest annual gain since 1979, according to Adrian Ash, research director at BullionVault.
After breaking the USD $4,400 threshold, gold’s spot price peaked at USD $4 426.66 per ounce on Monday.
Falling interest rate expectations tend to reduce bond yields, prompting investors to shift towards commodities like gold and silver as both a source of returns and a hedge.
Many analysts now expect the US to reduce rates twice in 2026.
A decline in the US dollar has also supported the rally, making gold more affordable for international buyers.
Silver hit a new milestone of USD $69.44 an ounce on Monday, joining gold in its historic rise.
So far in 2025, silver has gained 138
Unlike gold, silver and platinum benefit from strong industrial demand, especially in manufacturing, which further boosts their market value.
Meanwhile, oil prices also climbed Monday, following a recent US blockade targeting sanctioned oil tankers operating in and out of Venezuela.
Brent crude rose by 1.31 to $61.78 per barrel, while US crude increased by 1.25 to $57.77. However, both benchmarks are expected to close 2025 at lower levels than where they began the year.
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