JKB Financial Services Ltd.

As on : 17-Oct-2025

Other Markets - Bullion Markets
17-Oct-2025 15:05

Gold extends record streak, Silver shines near $54

Gold futures are charging toward $4400 per ounce on Friday, riding an unstoppable ninth consecutive week of gains. The metal has soared nearly 10% this week alone, hitting $4392, fueled by investor rush into safety amid intensifying US'China trade tensions and the prolonged US government shutdown. Year to date, gold has glittered with a 60% surge, backed by heavy central bank purchases, robust ETF inflows, and soaring demand for secure assets. Silver is keeping pace, sparkling near record highs at $54 per ounce, poised for an 8% weekly gain. Meanwhile, the dollar index slipped below 98, pressured by bets on Federal Reserve rate cuts and credit market jitters, giving bullion even more shine in a market hungry for stability.

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