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Gold surge: A response to tensions
Cape Argus
|October 09, 2025
GOLD'S relentless rise reached another milestone yesterday as the precious metal hit $4 002.95 (about R69 000) an ounce for the first time.
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“Investors continue to bid up the price of gold, with the precious metal rising more than 50% year to date and nearly 12% in September alone — one of the strongest monthly performances on record,” said Richard Flax, chief investment officer at wealth manager Moneyfarm.
Gold is traditionally viewed as a safe-haven investment, helping to fuel demand amid geopolitical unrest driven by the Russia-Ukraine war and Israel-Gaza conflict.
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