25.10.08.Today News : Gold Soars to Record High, $4,000 per Ounce and ₩800,000 per Don

Gold Soars to Record High, $4,000 per Ounce and ₩800,000 per Don

📍Global uncertainty drives investors to safe-haven gold as U.S. shutdown, Japan–France turmoil fuel rally

Gold prices have surged to an all-time high, surpassing $4,000 per ounce for the first time in history. Amid global political and economic turmoil, Korean domestic gold prices have also hit a record ₩800,000 per don (3.75g).

The international gold price has surpassed $4,000 per ounce for the first time in history.

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🔹 Record-breaking rally: $4,000 per ounce
On October 7 (local time), December gold futures on the New York Mercantile Exchange closed at $4,004.4 per ounce, up 0.7% from the previous day, after briefly touching $4,013.10. By early October 8, prices exceeded $4,055. In Korea, gold prices reached ₩810,000 per don, marking a steep weekly rise of over 5%.

🔹 U.S. shutdown and global instability drive the gold boom
The surge in gold prices stems from overlapping global tensions — the prolonged U.S. government shutdown, Trump’s tariff policies disrupting global trade, and anticipation of Federal Reserve rate cuts. Meanwhile, political instability in France and Japan has added fuel to the rally, prompting investors to flock toward gold as a hedge.

France’s newly appointed prime minister resigned within a month after budget talks collapsed, while in Japan, Sanae Takaichi is set to become prime minister after the ruling LDP’s crushing election loss. According to MKS Pamp strategist Nicky Shiels, “Political chaos in Europe and Asia has sparked a surge in institutional and retail demand for gold.”

🔹 Central banks and institutions increase gold reserves
Central banks worldwide are ramping up gold purchases to diversify their reserves. A World Gold Council (WGC) report showed that 43% of central banks plan to increase holdings within a year, up 14 percentage points from last year. China’s central bank has bought gold for ten consecutive months, tripling the volume of gold held by the Bank of Korea.

Goldman Sachs raised its 2025 gold forecast from $4,300 to $4,900 per ounce, citing central bank demand and ETF inflows as key drivers.

🔹 FOMO fuels retail and institutional buying
The “Fear of Missing Out” (FOMO) effect has also intensified. According to Reuters, investors fear being left out of a historic rally, leading to accelerated gold buying. Gold’s role as a hedge has expanded beyond individuals to major funds, strengthening overall market liquidity.

🔹 Diverging expert opinions: Bullish optimism vs. caution
Experts are split on whether gold’s rally has peaked. BNP Paribas’s David Wilson noted, “Traditional catalysts for gold are all aligning, and we see no immediate reason for a reversal.” In contrast, TD Securities’ Bart Melek warned, “Rapid gains since mid-August increase the risk of profit-taking.”

Bloomberg’s Allison Schrager added, “Gold is not risk-free — it fell 6% during the 2008 financial crisis and still carries volatility of up to 15%.”

🔹 Billionaires’ gold strategies
Investor giants are adjusting their gold portfolios. Ray Dalio recommends allocating 15% to gold for strategic balance, while Jeffrey Gundlach suggests up to 25%. Analysts agree that diversification remains crucial, especially as gold nears potential overvaluation.

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As geopolitical and economic instability persists, gold continues to reign as the ultimate safe-haven asset.
Yet, with prices near record highs, experts caution investors to balance optimism with prudence amid the risk of short-term corrections.

One-line summary : Gold prices hit a historic record of $4,000 per ounce and ₩800,000 per don as global instability drives investors toward safe-haven assets.