Gold Price Hike
Why are gold prices skyrocketing? Will gold prices increase or decrease in the coming days? Let's try to find out the answers to these questions. Current gold prices are surprisingly increasing rapidly. By the beginning of October 2025, gold has reached about 4000 US dollars per ounce. This is an increase of more than 50% in the last one year. If we look at the last five years, the price of gold has almost doubled, from 1700 dollars to about 3800 to 4000 dollars per ounce. In the last few years, especially in 2024 and 2025, gold has become increasingly expensive. Major reasons for the increase in the price of gold include: 1. Due to political tensions, war situations, and economic uncertainty around the world, people are buying gold to preserve their wealth. 2. Since gold is bought in dollars and the dollar is currently relatively weak, it has become easier for other countries to buy gold, increasing the price. 3. Interest rate cuts or expectations o...