Gold Prices Soar Past $4,100 on Record Rally – Is $5,000 Next?
Spot gold traded at $4,120 an ounce on Oct. 23 after hitting a record $4,381 last week, up nearly 57% in 2025. Investors have moved into gold and silver as safe havens amid expected U.S. rate cuts and geopolitical tensions. Gold-backed ETFs saw record inflows of $64 billion this year. Major banks now forecast gold could reach $5,000 by 2026.