Global Gold Price Surge: Azerbaijan Market Impacted Amid Rising Uncertainty

The global record rise in the price of gold has investors and market participants on high alert, with experts pointing to geopolitical tensions, uncertainty in financial markets, and central bank policies as key drivers of this growth. In Azerbaijan, the price of gold has reached a historical maximum, exceeding $4,300 per ounce, with economists predicting further increases in the coming months.

Key Takeaways:

• The global price of gold has reached a historical maximum of $4,300 per ounce, with investors and market participants expecting further increases in the coming months.
• Economist Rovshan Amirjanov notes that the increase in the price of gold to this level also affects the Azerbaijani market, with prices of gold bars and coins seeing a significant increase.
• Amirjanov forecasts that gold prices will remain above $4,300, with the possibility of additional price increases by the end of the year, and reaching the range of $4,300-4,800 for gold being a realistic prospect.
• Another economist, Eldeniz Amirov, predicts that the price of gold will increase sharply by the end of 2028, potentially exceeding $5,000 per ounce, citing historical experience and the current economic context.
• Amirov attributes the rising gold price to the US government's economic policy, led by President Donald Trump, which has resulted in dollar depreciation and increased demand for gold as a safe investment instrument.
• Azerbaijan's gold production increased by 43.1% in the first eight months of 2025 compared to the same period last year, with 2,113 kilograms of gold produced and 114.5 kilograms of ready gold reserves as of September 1.
• The country imported 38,459 kilograms of gold worth $3.75 billion from 22 countries in the first eight months of 2025, a 2.5 fold increase in value compared to the same period last year.

Statistics:

• The global price of gold has reached a historical maximum of $4,300 per ounce.
• The price of gold in Azerbaijan is expected to remain above $4,300 in the coming months, with the possibility of additional price increases by the end of the year.
• Azerbaijan's gold production increased by 43.1% in the first eight months of 2025 compared to the same period last year.
• 2,113 kilograms of gold were produced in Azerbaijan from January through August 2025.
• Azerbaijan imported 38,459 kilograms of gold worth $3.75 billion from 22 countries in the first eight months of 2025.

Sources:

• Trend News Agency (2025-10-17)
• Rovshan Amirjanov, economist
• Eldeniz Amirov, economist