Gold price has finally hit the prestigious $4000 mark, taking the global markets by storm. This price feat is celebratory as leading metals like gold and silver continue to outperform the US dollar from a progressive value perspective. The US markets have played a key role in fueling the gold price rally, with Fed rate cut anticipations and dollar depreciation playing a major role in driving a spectacular asset rally. Will gold be able to take a breather post $4000, or will it ascend even higher? Let’s find out.
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Gold Price Breaks $4000
Gold’s “coming of age” ritual has now finally fructified, as the metal has now crossed the coveted $4000 price mark. This feat has been driven by the uncertainty prevalent in the markets, compelling investors to take refuge in gold as the ultimate safe-haven asset. The US markets are undergoing deep turmoil, with more interest rate cut anticipations driving gold prices to hit new highs. The dollar depreciation is another leading development, making gold appear shinier compared to any other asset.
“The US dollar is having its worst year in 40+ years, down 10% YTD. Meanwhile… 👇. Bitcoin: +20%. Gold: +45%.USD: -10%. Confidence in fiat is at a multi-year low. Position yourself accordingly.”
According to Allie, a leading finance expert on X, gold may see a new high price level of $4100, as its chart is indicative of a further new high brewing in the background.
“Gold Long-Term Outlook: Bullish Pattern, December Price Target: 4100.” Current Price: Approximately $3,886.Timeframe: 3-Month Outlook (October-December 2025). Target Price: 4100. Key Support Level: 3793. Technical Analysis…Gold is currently consolidating around 3886, having previously filled the fair value gap (FVG) around 3875. I anticipate a short-term pullback to 3793 support, which aligns with significant historical demand. I anticipate this level to serve as a springboard for the next bullish rally, with a year-end target of 4100.”
Global Banks Continue to Stockpile
Gold is also becoming the fastest-growing reserve asset for the world’s banks to capitalize on. Global banks around the world have recently been increasing their gold holdings, balancing their portfolios amid the declining US dollar. According to Global Markets investors, the world’s central banks have purchased 15 tonnes worth of gold in August 2025, showcasing the metal’s high value in the markets as of late.
“Central banks’ gold buying SPREE continues: World central banks bought a net 15 tonnes of gold in August. They’ve been buying for over 2 years straight, with only a brief pause in July. Year-to-date, Poland, Azerbaijan, Kazakhstan, and China have been the leading buyers.”
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