October 18, 2025
Article from Yahoo Finance by Ines Ferré
Article Synopsis
Gold prices briefly topped $4,380 before easing to $4,260 on Friday, capping their strongest weekly gain since 2020 with a 7% surge. Analysts attribute the rally to escalating U.S.–China trade tensions, expectations of another Fed rate cut, and renewed credit concerns in regional banks. Central bank demand, a weaker dollar, and record inflows into gold-backed ETFs have fueled the year-to-date 59% rise. Major banks including BofA, Goldman Sachs, and JPMorgan now forecast gold could reach as high as $6,000 per ounce within the next few years.
