Gold Price Skyrockets: Record Highs, Rollercoaster Volatility, and a Bold $5,000 Prediction
Gold rose 2% to about $4,004 an ounce midday Oct. 30 after the Fed cut rates by 25 basis points. Prices rebounded from a three-week low, following a record high of $4,381 on Oct. 20 and a sharp pullback below $4,000 last week. Gold is up roughly 50–60% in 2025, its strongest annual gain since 1979. JPMorgan and Bank of America forecast gold above $5,000 by 2026.