Gold Futures Soar to New Highs on Fed Rate Cut Hopes – Is $5,000 Gold Next?
Gold futures hovered near $4,270 an ounce on October 20, 2025, after hitting a record $4,378.69 last week. Prices have surged over 60% year-to-date, fueled by safe-haven demand, Fed rate cut bets, and central bank buying. Markets expect a Fed rate cut in late October. Major banks now forecast gold could approach $5,000 by 2026.