Market and stock exchange 4383.76 dollars per troy ounce - gold price reaches new record high
The price of gold has reached a new all-time high. The troy ounce was valued at 4383.78 dollars (equivalent to around 3480 Swiss francs) in early trading on Monday, surpassing the previous record of 4381.52 dollars set in October.
22.12.2025, 05:32
22.12.2025, 06:28
SDA
The background to this is a series of economic figures from the USA that were published last week. The number of new jobs created in the country was below expectations and the inflation rate fell. Both indicated that the US central bank is likely to cut its key interest rates further.
Gold is seen by many investors as a safe haven in times of crisis. Since the beginning of the year, the price of gold in dollars has risen by more than 68%.
Stable to rising prices in 2026
Following the gold price rally this year, the industry expects stable to rising prices in 2026. According to the head of the industry association Fachvereinigung Edelmetalle, York Tetzlaff, there is much to suggest that the gold price will remain firm: "Falling interest rate expectations, ongoing geopolitical uncertainties and strong demand from central banks form a robust foundation, even if temporary fluctuations cannot be ruled out," said the expert in Pforzheim.
According to his assessment, demand from central banks is likely to remain robust. And geopolitical or trade policy uncertainties, for example in customs policy, are also likely, said Tetzlaff. "If these escalate, the gold price could react disproportionately."
The World Gold Council expressed a similar view in an outlook: If growth slows or there is even a more severe downturn, moderate to strong gains are possible. "Conversely, a successful policy initiated by the Trump administration would accelerate economic growth and reduce geopolitical risks, which would lead to higher interest rates and a stronger US dollar and depress the gold price."
