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Gold rallies beyond $4,300/oz, set for best week in 17 years
Gold notched a new high above $4,300 an ounce on Friday and was poised for its best week in over 17 years, as signs of weakness in U.S. regional banks, global trade frictions, and further rate-cut hopes pushed investors to the safe-haven metal. Spot gold rose 0.9% to $4,362.39 per ounce, as of 0439 GMT, after scaling another record high of $4,378.69 earlier. U.S. gold futures for December delivery jumped 1.7% to $4,375.50. Bullion has risen about 8.6% this week and is headed for its best week since September 2008, notching a record high in each session. Spot silver rose 0.3% to $54.41 per ounce, set for an 8.2% ... (full story)
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From thisismoney.co.uk | Oct 16, 2025
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HSBC on Friday forecast that gold’s bull rally would drive prices as high as $5,000 an ounce in 2026, supported by elevated risks and the impact of new entrants into the market. Spot gold breached the $4,300 level on Thursday and was headed for its strongest week since December 2008. The advance has been fueled by geopolitical tensions, robust central bank ...
From finance.yahoo.com | Oct 16, 2025
Gold rose to a record, boosted by concerns about credit quality in the economy, bets that the Federal Reserve will press on with monetary easing and heightened US-China frictions. Bullion has risen more than 7% so far this week and touched a peak above $4,300 an ounce on Thursday, extending a breakneck rally that began in August. The buying spree has spread ...
