Gold prices climbed above $4,000 an ounce for the first time, marking a new record as investors reacted to growing concerns about the US economy and the risk of a government shutdown.

Investors Seek Safety Amid Uncertainty

The sharp increase reflects a continuation of this year’s strong rally. Gold has risen more than 50% since January. The latest surge comes amid renewed political friction in Washington, including pressure on the Fed’s leadership. These developments have intensified demand for safe-haven assets as investors brace for potential economic disruptions.

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“Gold blew through $4,000. It’s up over $50, trading above $4,035,” said Peter Schiff, Chief Economist and Global Strategist, and Founder of SchiffGold. His remark came as the precious metal surged past the long-watched threshold.

“Silver is up over a dollar, trading just below $49. Gold mining stocks sold off yesterday as nervous investors expected $4,000 resistance to hold, resulting in a correction in mining stocks,” Schiff added, noting the mixed reaction across related assets despite gold’s record move.

I just woke up to see gold blow through $4,000. It’s up over $50, trading above $4,035. Silver is up over a dollar, trading just below $49. Gold mining stocks sold off yesterday as nervous investors expected $4,000 resistance to hold, resulting in a correction in mining stocks.

— Peter Schiff (@PeterSchiff) October 8, 2025

Holding Support, Eyes Further Gains

The H1 chart of XAUSD indicates that the rally began after finding support around $3,820. Following the formation of a bullish engulfing candle, the price broke above the $3,900 level.

After a brief pause, it has continued upward, following a trendline. At the time of writing, gold is trading well above $4,000. As long as this level holds as support, the price may sustain its upward momentum.

JUST IN: Gold officially reaches new all-time high of $4,000. pic.twitter.com/g5hvv6xekS

— Watcher.Guru (@WatcherGuru) October 8, 2025

Gold Gains Support from Central Banks

Gold’s movement has often coincided with moments of global or domestic strain. The metal surpassed $1,000 an ounce after the 2008 financial crisis, crossed $2,000 during the pandemic, and reached $3,000 amid trade disputes several years later.

Geopolitical tensions and persistent demand from central banks have further supported prices. Many investors are turning to gold as a hedge against market uncertainty, with exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term-traded funds backed by the metal recording their largest monthly inflows in over three years.