Gold and are surging to fresh record and multi-year highs as relentless buying pressure pushes prices into unexplored territory, with both metals showing remarkable strength throughout 2025.
Gold continues its extraordinary rally into uncharted waters, with each pullback immediately met by renewed buying interest. The precious metal has soared nearly 50% year-to-date and is now targeting the psychologically significant golds-surge-of-2025-will-gold-break-4000-before-christmas/” rel=”nofollow” target=”_blank”>$4,000/oz. level, which appears increasingly within reach before year-end. Currently trading around $3,820/oz., gold has already exceeded most analysts’ year-end forecasts, highlighting the unprecedented strength of this bull market. Aggressive central bank buying, anticipated Federal Reserve rate cuts, and persistent economic and geopolitical uncertainty provide a robust foundation for continued gains. These fundamental drivers show no signs of weakening, enabling gold to push further into record territory.
Gold Daily Price Chart +46% YTD
Silver is making an equally impressive push toward $50/oz., driven by a powerful combination of factors. A structural supply deficit, record industrial demand, and explosive growth in green energy applications are creating intense supply-side pressures, forcing prices ever higher. As with gold, these pressures are unlikely to subside any time soon, suggesting that the multi-year silver rally has significant room to run through year-end and beyond.
Silver Daily Price Chart +63% YTD
Paul Williams, managing director of Solomon Global, highlights that the gold spot price has increased by almost $400 in a month, supported by numerous factors including a softening US dollar, inflation concerns, anticipated additional rate cuts from the Fed, declining confidence in risk assets, ongoing geopolitical flashpoints and continued accumulation by central banks. “These dynamics and this momentum look set to remain, putting gold on a trajectory that makes $4000 by Christmas a strong possibility.”
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Solomon Global disclaimer: This article is for informational purposes only and does not constitute financial advice. Buying physical gold as an investment involves risk, as the value of precious metal prices can be volatile. Historical financial performance does not necessarily give a guide of future financial performance. We recommend that you conduct your own independent research and seek professional tax, legal and financial advice before making any investment decisions.