Gold extends record rally to fifth session, eyes $4,400 target
Gold posts fifth straight gain, hitting record highs as rate cuts and safe-haven demand power the rally.
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1 day agoGold extends record rally to fifth session, eyes $4,400 target
Gold prices continued their upward trajectory today, marking a fifth consecutive session of gains driven by rate cut expectations, safe-haven flows, and U.S.–China tensions. Spot gold reached $4,217.39 per ounce, earlier peaking at $4,241.77. According to ANZ, gold might aim toward $4,400 by year-end. Meanwhile, silver slipped 0.5% to $52.78 amid gold’s rally and market repositioning in precious metals. Strong inflows into gold-backed ETFs and central bank purchases also lent support to the precious metal’s momentum.
positive
1 day agoGold extends record rally to fifth session, eyes $4,400 target
Gold prices continued their upward trajectory today, marking a fifth consecutive session of gains driven by rate cut expectations, safe-haven flows, and U.S.–China tensions. Spot gold reached $4,217.39 per ounce, earlier peaking at $4,241.77. According to ANZ, gold might aim toward $4,400 by year-end. Meanwhile, silver slipped 0.5% to $52.78 amid gold’s rally and market repositioning in precious metals. Strong inflows into gold-backed ETFs and central bank purchases also lent support to the precious metal’s momentum.
positive
Gold extends record rally to fifth session, eyes $4,400 target
1 day ago
1 min read
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Gold posts fifth straight gain, hitting record highs as rate cuts and safe-haven demand power the rally.
Gold prices continued their upward trajectory today, marking a fifth consecutive session of gains driven by rate cut expectations, safe-haven flows, and U.S.–China tensions. Spot gold reached $4,217.39 per ounce, earlier peaking at $4,241.77. According to ANZ, gold might aim toward $4,400 by year-end. Meanwhile, silver slipped 0.5% to $52.78 amid gold’s rally and market repositioning in precious metals. Strong inflows into gold-backed ETFs and central bank purchases also lent support to the precious metal’s momentum.
Gold prices continued their upward trajectory today, marking a fifth consecutive session of gains driven by rate cut expectations, safe-haven flows, and U.S.–China tensions. Spot gold reached $4,217.39 per ounce, earlier peaking at $4,241.77. According to ANZ, gold might aim toward $4,400 by year-end. Meanwhile, silver slipped 0.5% to $52.78 amid gold’s rally and market repositioning in precious metals. Strong inflows into gold-backed ETFs and central bank purchases also lent support to the precious metal’s momentum.
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Oct 16, 2025 • 09:39 IST