Gold’s Record Run Toward $4,000 Fuels Precious Metals Frenzy as Investors Rush to Safe Havens
Key Facts Gold’s Historic Rally and Trading Trends Gold’s relentless climb accelerated through the first days of October, pushing the metal to fresh all-time highs just shy of $3,900 per ounce. By Friday, spot gold was holding near $3,884 – up about 0.7% on the day and more than 3% for the week reuters.com. This marked gold’s seventh consecutive weekly gain, capping an extraordinary year-to-date run of roughly +47% reuters.com. U.S. gold futures similarly settled above $3,900/oz for the first time reuters.com. The rally has been nothing short of historic – gold has doubled in price since late 2023 –