Gold Blasts Above $4,100; Silver Sizzles on Fed-Cut Hopes
Gold traded near $4,118 per ounce on Oct. 24, 2025, close to its record high, after plunging 6.3% to $4,082 on Oct. 21, its steepest one-day drop since 2013. Silver fell 8.7% to $47.89 the same day, its worst loss since 2021, before rebounding to $48.7. Investors anticipate a U.S. Federal Reserve rate cut in early November. The VanEck Gold Miners ETF is up about 123% year-to-date.