Gold Hits Historic High of US$ 3,595 and Silver Soars to Highest Level in 14 Years with Global Investor Flight from Treasuries
The gold registered on this Tuesday (09/02/2025) the highest value in its history, with December futures closing at US$ 3,592.20 per troy ounce on the Comex in New York, after hitting an intraday high of US$ 3,595.00.
Silver also surprised, rising 2.13% and reaching US$ 41.59 — the highest level in 14 years, since 2011, reinforcing the strength of the precious metals market amid a backdrop of global uncertainties.
According to IstoÉ Dinheiro and analyses from international banks, the surge reflects a flight of investors from Treasuries (U.S. government securities), due to rising interest rates, fiscal concerns, and geopolitical tensions.
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For the first time, the metal surpassed in importance American bonds in the reserves of some central banks, signaling a structural shift in the international financial system.
Why Gold Soared to Historic Records
The Swiss bank Swissquote points out that the appreciation of gold is directly related to the loss of confidence in Treasuries, historically seen as the safest assets in the world.
The escalation of U.S. debt, successive downgrades of ratings, and fiscal uncertainty have diminished the attractiveness of these securities.
Additionally, the Federal Reserve (Fed) is expected to soon initiate a cycle of interest rate cuts, which further reduces the yield on American bonds. For investors, this strengthens gold as a store of value in times of instability.
In 2025, some central banks have already increased their gold reserves to the point of surpassing their Treasuries holdings, indicating that the metal is gaining status as an alternative to the dollar.
Silver Breaks US$ 40 and Exposes Imbalance in Supply
While gold sets records, silver surpassed US$ 40 for the first time in 14 years, accumulating appreciation sustained by two factors: its relative lag compared to gold and a production deficit for the fifth consecutive year.
According to Commerzbank of Germany, industrial demand for silver continues to rise, driven by sectors such as solar energy, batteries, and electronics, while supply cannot keep up.
The metal is seen, therefore, as a more accessible investment opportunity for those seeking diversification against the rise of gold.
Impact on Other Precious Metals
The movement was not restricted to gold and silver. Platinum rose 3.38%, reaching US$ 1,416.60, the highest level since July, while palladium advanced 2.85%, to US$ 1,156.00.
Although still far from records, both show that the search for precious metals has expanded amid the weakening of the dollar and increased global risks.
What This Movement Means for Brazil and the World
The strengthening of gold and silver can directly impact the global economy. For emerging countries like Brazil, the trend is an increase in the value of metal exports and pressure on local investors seeking protection against exchange rate and stock market volatility.
On the international stage, the rise of gold as a store of value against Treasuries opens a debate about the future of the dollar’s hegemony in the financial system.
With central banks diversifying their reserves, monetary geopolitics gains a new component of instability.
And you, do you believe that gold and silver will continue to rise and consolidate as the safest havens amid the global crisis, or do you think we are facing a temporary bubble? Leave your opinion in the comments — we want to hear your view on this historic movement.

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