Gold Price Explodes to Record Highs – Could $5,000/Oz Be Next?
Gold traded near $4,015/oz on Nov. 1, 2025, after peaking at $4,378 in late October, up about 50–60% year-to-date. The surge follows Fed rate-cut expectations, geopolitical tensions, and record investment demand. JP Morgan and others forecast gold above $5,000/oz by 2026. Recent volatility saw daily moves of up to 5% after Fed and trade news.