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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.

“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.

यह कहानी Cape Argus के October 09, 2025 संस्करण से ली गई है।

हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।

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