Precious metal Gold resumes record chase - focus on customs dispute
Gold has once again reached a record high at the start of the week. The price of an ounce (around 31.1 grams) rose to as much as USD 4078 in early trading. This made the precious metal more expensive than ever before.
13.10.2025, 09:21
SDA
Last Wednesday, the price of gold had climbed above the 4000 dollar mark for the first time, thus crowning its record rally for the time being. Events on the gold market calmed down somewhat on Thursday and Friday. Monday's record high is already the seventh in the past eleven trading days.
Prior to this, the fronts in the trade dispute between the USA and China had hardened considerably again. Following President Donald Trump's announcement that he would impose further tariffs of 100 percent on Chinese imports, Beijing threatened to take countermeasures.
All in all, the price of an ounce of gold has climbed by over 55% so far this year. The precious metal is thus heading for its highest annual rise since 1979.
Gold beats Bitcoin this year
Gold has also performed better than most other asset classes. Even Bitcoin, which, like gold, is benefiting to some extent from geopolitical crises and political uncertainty, cannot keep up. Although the world's oldest and best-known digital currency also reached a record high on Monday last week with prices of more than 126,000 dollars, it recently fell again.
Bitcoin currently costs just under 115,000 dollars. Since the end of 2024, the price of one Bitcoin has risen by just under a quarter, significantly less than gold. In the medium and long term, however, Bitcoin is ahead. Over the past three years, the price of the digital currency has risen by almost 500%. This means that the price of one Bitcoin has increased almost sixfold. By comparison, gold has increased in price by just over 140% since the beginning of October 2022.
