09:51 AM EDT, 10/15/2025 (MT Newswires) -- Gold continued to push to fresh records early Wednesday amid predictions the metal can continue to rise amid an uncertain global economy and lower interest rates.

Gold for December delivery was last seen up US$45.60 to $4,209.00 per ounce.

The price of the metal has climbed 13% over the past month and 25% since Aug. 18, when Federal Reserve chair Jerome Powell said the central bank was likely to resume cutting interest rates. However traders appear to be afraid of missing out on gold's run as influential market voices like JP Morgan chief executive Jamie Dimon see the rise continuing.

"Gold has rallied a further +1.4% to $4,200 per ounce - just one week after breaking above the $4,000 mark for the first time. The latest catalyst was vocal support from Jamie Dimon - "It could easily go to $5,000, $10,000 in environments like this. This is one of the few times in my life it's semi-rational to have some in your portfolio"," Rosenberg Research noted.

The dollar moved lower early, with the ICE dollar index last seen down 0.1 points to 98.98. Treasury yields were mixed, with the U.S. two-year note last seen up 0.6 basis points to 3.497%, while the 10-year note was paying 4.018%, down 1.4 points.