Gold Soars to Record High as Silver Nears $50 – Key Drivers and Forecasts
Gold surged above $3,800 per ounce on September 29, 2025, hitting a record $3,830. Silver climbed to $46.8 per ounce, its highest since 2011. Gold is up about 43% year-to-date, while silver has jumped roughly 50%. Both metals rose 1–2% in the past day amid safe-haven demand and expectations of U.S. rate cuts.