Gold Price Tops $4,000 for First Time Ever in San Francisco
On October 7, 2025, gold prices in San Francisco hit a historic milestone. For the first time ever, the price of an ounce of gold surpassed $4,000, reaching $4,000.01. This significant event occurred ahead of the Federal Reserve's meeting and has sparked a rush among Korean investors to buy gold as a safe-haven asset.
Gold prices have been on a steady climb in recent times. Just last month, they broke through the $3,600 barrier, driven by hopes of rate cuts. This latest surge comes as investors await the Federal Reserve's policy meeting, where potential changes in interest rates could significantly impact the stock market. Korean investors, in particular, have been actively seeking to purchase gold, viewing it as a reliable safe-haven asset in these uncertain economic times.
Analysts attribute the record highs to a mix of factors. Geopolitical tensions, global economic uncertainty, and a weakening U.S. dollar have all contributed to gold's appeal. Its status as a hedge against inflation and market volatility has made it an attractive option for investors looking to diversify their portfolios.
The gold market has witnessed a remarkable feat with the price of an ounce of gold exceeding $4,000 for the first time. This significant event, coupled with Korean investors' rush to buy gold, underscores the metal's status as a safe-haven asset. As the Federal Reserve's meeting approaches, investors will be closely watching for any developments that could further influence gold prices.
