Gold hit a record near $4,321 an ounce on Dec. 15, 2025, driven by Fed rate cut hopes, a weaker dollar, and safe-haven demand.

Gold surged to $4,320.65 an ounce on December 15, 2025, approaching record levels as investors anticipated Federal Reserve rate cuts, a softer U.S. dollar, and falling Treasury yields. Safe-haven demand drove strong inflows into gold ETFs like GLD and IAU, aided by lower fees and institutional interest, including India allowing pension fund investments in gold and silver ETFs. Silver remained steady near record highs. Analysts expect gold could reach $4,380–$4,440 if upcoming U.S. jobs data shows labor market weakness.