Gold’s Record Run Toward $4,000 Fuels Precious Metals Frenzy as Investors Rush to Safe Havens
Gold surged to around $3,884 per ounce, just below record highs, after a seventh straight weekly gain. Silver topped $47 for the first time since 2011, up 63% this year. A U.S. government shutdown and global tensions fueled safe-haven demand. Newmont and Barrick announced CEO departures as supply constraints persist in gold, silver, and platinum markets.