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Concerns over potential risks in US regional banks may drive gold prices to the largest weekly gain in five years

Concerns over potential risks in US regional banks may drive gold prices to the largest weekly gain in five years

金色财经2025/10/16 23:12

Jinse Finance reported that gold and silver prices both hit record highs in early trading, driven by heightened concerns over economic credit quality and trade tensions, which boosted safe-haven demand. At the same time, investors are also betting that the Federal Reserve may implement an unusually large rate cut this year. On Friday, gold prices surged to as high as $4,380, poised for the biggest weekly gain since 2020 and continuing the strong rebound since August. The buying frenzy also spread to other precious metals, with silver once reaching a historic high of $54.3775. As two U.S. regional banks disclosed loan issues involving fraud allegations, the broader market was impacted, further fueling concerns about more vulnerabilities in borrower creditworthiness and boosting demand for safe-haven assets such as gold and silver.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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