Gold Reaches Historic Peak Amid
Strong Investor Demand, Economic Uncertainty

Tokyo, 16 Oct (ONA) — Gold prices
achieved a record high today as investors continued their strong pivot toward
the precious metal against a backdrop of persistent geopolitical tensions and
economic ambiguity. The rally was further supported by increasing market
expectations for U.S. interest rate reductions and a concurrent softening of
the U.S. dollar.

Spot gold climbed 0.4 percent to
$4,224.79 per ounce, having earlier reached an unprecedented peak of $4,225.69.
December delivery U.S. gold futures also advanced, rising 0.9 percent to
$4,239.70.

The precious metal, widely regarded
as a safe-haven asset during periods of market instability, traditionally
performs well in lower interest rate environments. Gold has registered a
notable 61 percent appreciation since the beginning of the current calendar
year.

The dollar index declined 0.1
percent, trading near its lowest level in a week, which enhanced gold’s
affordability for international buyers holding other currencies.

Other precious metals followed
similar trajectories, with spot silver gaining 0.2 percent to $53.16 per ounce
after establishing its own record high at $53.60. Platinum increased 0.7
percent to $1,665.70, while palladium experienced a slight contraction,
declining 0.3 percent to $1,540.36.

— Ends/Khalid