Precious Metals Boom: Gold Nears Record High, Silver Hits 14-Year Peak as Fed Pivot and Tariff Shocks Spark Rally
Precious metals extended their spectacular 2025 rally through September’s final week, with gold and silver leading the charge. Gold prices steadied around $3,748/oz on Friday after a 1.6% weekly gain reuters.com. Earlier in the week, gold hit a fresh record high near $3,790/oz kitco.com, surpassing previous peaks as investors flocked to safety. The yellow metal is now up over 40% year-to-date, propelled by economic jitters and expectations of looser monetary policy mining.com. “Investors don't see enough fiscal stability on the U.S. side... it's easy to understand why gold is surging,” said Carlo Alberto De Casa of Swissquote, citing trade war strains and geopolitical tensions as key drivers kitco.com.