Goldman Sachs Physical Gold ETF Shares

AAAU

Market cap $2.14B

Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.

The gold market continues to see a bit of buying in the early hours of Wednesday, as the longer-term trend continues to attract buyers at this point. The $4200 level is now broken, and this will attract even more attention.

Morning Brief: Market Sunrise anchor Ramzan Karmali breaks down the latest market news for October 15, 2025. Gold has surged to $4,200 for the first time ever.

Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.

Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.

Gold price hits record high as Fed cut bets and U.S.-China trade tensions drive safe-haven demand, keeping bullish momentum intact.

Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.

It seems like there is no stopping gold's current rally.  Gold prices on COMEX breached the $4,200-per-ounce mark on Wednesday for the first time on rising expectations of further interest rate cuts by the US Federal Reserve.

Gold extends record gains as Fed rate-cut bets rise; XAU/USD targets $4,245 while silver (XAG/USD) eyes $54.55 amid strong safe-haven demand.

Italy, whose sovereign assets from bonds to banks have so often been the subject of market crises in recent years, is currently enjoying a windfall as the central bank's vast gold reserves track record-high prices.