Gold continues to hit price records amid issues between the US and China: what is the price
The price of gold set a new historical maximum — $4078.05 per ounce. The surge is attributed to the escalation of trade relations between the US and China, as well as expectations of rate cuts by the Federal Reserve. Silver also did not remain unaffected, climbing to a record $51.70 per ounce. This is reported by Reuters.
What is the price of gold on October 13, 2025
American futures for gold scheduled for December rose by 2.3% to $4093.50. US President Donald Trump threatened to raise tariffs on Chinese goods to 100% and impose new restrictions on software exports. This is a response from Washington to Beijing's actions, which limited the supply of rare earth elements and equipment. China, in turn, called its actions 'justified', but has not yet imposed additional tariffs on American goods.
Analyst at Capital.com Kyle Rodda noted that after a period of calm, geopolitical risks have returned, prompting investors to seek safe assets such as gold.
Why gold continues to rise in price
The main factors influencing price growth include:
- escalation of trade disputes between the US and China;
- expectations of Federal Reserve rate cuts;
- massive gold purchases by central banks;
- inflow of funds into 'gold' exchange-traded funds;
- global economic uncertainty due to tariffs.
According to analysts, gold has already risen by 53% since the beginning of the year. Markets are almost certain of a 0.25% rate cut by the Federal Reserve in October and December. Fed Chairman Jerome Powell will speak this week at the annual NABE conference, where he may give new signals regarding future decisions.
Meanwhile, a government 'shutdown' continues in the US, delaying the publication of key economic indicators. On the political front, Trump accused the Democrats of mass layoffs of civil servants. Meanwhile, discussions among world leaders regarding a ceasefire in Gaza have begun in Egypt.
Platinum rose by 2.9% — to $1635.35, palladium increased by 3.6% to $1452.50 per ounce.
Earlier, we wrote that in Ukraine the price of banking gold has increased. In 'PrivatBank', the price of ingots in autumn 2025 reached record levels — from 6,920 hryvnias per gram in the smallest category to 564 thousand hryvnias for a 100-gram ingot.
Read also
