5 Best-performing Gold Stocks on the TSX in 2025

2025-10-15 13:45:00 ET

The gold price rose to repeated record highs during the third quarter of the year, breaking through significant milestones of US$3,700 and US$3,800 per ounce.

The price rises were fueled by several factors, including safe haven demand led by economic uncertainty as US tariffs continued to impact the broader economy, as well as falling interest rates following the US Federal Reserve's 25-basis-point cut to its benchmark rate in September.

Additionally, a government shutdown provided even more momentum on September 29, as Democrats and Republicans failed to reach a funding agreement. It marked the first time in seven years that lawmakers were not able to close funding gaps, forcing a shutdown of most federal government offices.

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