#GoldPriceRecordHigh
Gold prices have recently hit a record high, surpassing $3,567.16 per ounce. Several factors contribute to this surge
- *Global Economic Uncertainty*: Investors seek safe-haven assets like gold amid economic instability and geopolitical tensions.
- *Federal Reserve Rate-Cut Expectations*: Anticipated interest rate cuts make gold more appealing, as lower yields on bonds and other assets increase gold's relative value.
- *Inflationary Pressures*: Rising inflation erodes traditional currency values, driving investors to gold as a hedge.
- *Central Bank Demand*: Central banks, particularly in China, India, Turkey, and Poland, are increasing gold reserves to diversify assets.
- *Weaker US Dollar*: A depreciating dollar makes gold cheaper for holders of other currencies, boosting demand.
In Pakistan, gold prices have also reached new heights:
- *Tola Price*: Rs. 376,700, up by Rs. 6,000
- *10-gram Price*: Rs. 322,959, up by Rs. 5,144
Experts predict that gold prices may remain volatile, influenced by global economic conditions, interest rates, and investor sentiment. Some analysts forecast prices to average $3,500/oz in Q3 2025 and potentially reach $3,700/oz by Q4 or $4,000 by mid-2026