Gold is breaking record after record: A strong rise has come

Especially with the outbreak of the Russia-Ukraine war at the beginning of 2022, the tensions in the Middle East, which have been elevated by Hamas's attack in October 2023 and have never subsided, have led to record after record in gold prices, as the ounce of gold continues its upward trend relentlessly.

A new record every day…

The ounce of gold surpassed 3730 dollars yesterday and set a record. The precious metal, which continued its rise in the evening hours, started the day strong as well. During midday, the ounce of gold first exceeded 3780, then 3790 dollars, and flirted with 3800 dollars.

There is still no clear reason behind the rise of gold, which is seen as a safe haven by the world and generally experiences an increase before major tensions or negative events.

Intercountry tensions are rising

Tensions in the Middle East have been on the world agenda for a long time, and as tensions rise, this situation is also reflected in gold prices, but currently, the situation in the region is calm…

The war and tension continue at the Russia-Ukraine border. The harsh dialogue and exchanges between Russia and the EU are also increasing day by day. Last week, EU Commission President Ursula von der Leyen stated that Russia's frozen assets could be used for Ukraine's defense.

This offer had drawn a strong reaction from Russia. Dmitry Medvedev, Deputy Chairman of the Russian Security Council, implied the path of armed conflict by stating, “If they do this, we will seek our rights for another 100 years, and we will not only use the courts in doing so.”

The Russian Foreign Intelligence Service (SVR) stated today that EU countries are preparing to invade Moldova.

What will Trump say?

One reason behind the rise of gold is said to be a statement that U.S. President Donald Trump is expected to make today.

White House spokesperson Karoline Leavitt stated in a statement last night that Donald Trump will make a “very important announcement” on Tuesday morning, according to US time.

It is expected that Trump will meet with many heads of state at the United Nations meeting.

In such an environment, there is curiosity about what the President of the United States will say.

All these developments and the resulting uncertainty are driving the rise of gold.

Published: September 23, 2025 1:00 PM