Gold Bonanza: GLD ETF Surges & Miners Skyrocket – Will Gold Hit $5,000/oz Next?
Spot gold hit a record $4,381/oz on Oct. 20 and held near $4,288/oz the next day, up over 60% in 2025. Investors moved $1.7 billion into SPDR Gold Shares last week while U.S. stock ETFs saw $2.5 billion in outflows. Gold miners surged but dropped 5–10% on Oct. 21 as metals retreated. Retail gold buying and selling spiked in New York amid the rally.