17 Oct 2025 | 5 Mins Read
Gold rises to best week since 2020 amidst uncertainty
Flipitmoney
Gold reached a record high above $4,300 per ounce, up 0.3% to $4,336 per ounce, with futures for December delivery up 1% to $4,349 an ounce. The surge marks its strongest week since March 2020 with an 8% gain, fueled by global uncertainties, expected US interest rate cuts, and safe-haven buying, with investors anticipating a 25-basis-point rate cut at the Fed's October 29-30 meeting.