Kitco: Bullion Bonanza: Gold Tops $4,000, Silver Soars Past $50 – Can the Rally Continue?
Gold hit a record $4,059/oz and silver topped $51.20/oz in October, both up over 50% and 70% respectively in 2025. Safe-haven demand, central bank buying, and supply shortages fueled the surge. Prices eased after a Gaza ceasefire, with gold dipping below $4,000 and silver to $50.5. Major ETFs and mining stocks also soared, while banks raised price forecasts.