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Gold Hits Record High Of $4,383.76 On US Rate Cut Bets

Gold Tops $4,500 For First Time On Rate Cut Bets, Geopolitics

by RISINGGOV
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A worker displays a one kilogram gold bullion bar at the ABC Refinery in Sydney on August 5, 2020.
Gold prices shot to a record high on December 22, 2025 as investors grow increasingly optimistic the US Federal Reserve will continue to cut interest rates through next year.

Gold prices broke past $4,500 in Asian trade Wednesday on optimism that the Federal Reserve will continue cutting interest rates next year, and amid rising tensions between the United States and Venezuela.

The precious metal hit a peak of $4,519.78 to extend a rally that has seen it surge more than 70 per cent since the start of 2025.

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AFP

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