Precious Metals Boom: Gold Nears Record High, Silver Hits 14-Year Peak as Fed Pivot and Tariff Shocks Spark Rally
Gold hovered near $3,750/oz Friday after hitting a record $3,790 earlier in the week, up over 40% in 2025. Silver surged above $45/oz for the first time since 2011, gaining 55% year-to-date. U.S. tariffs announced by President Trump fueled safe-haven flows. Platinum and palladium also climbed, while gold ETF inflows hit records in September.