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Canadian gold hit a record $5,600/oz on Oct. 8, 2025, driven by inflation and safe-haven demand.
Gold prices in Canada hit a record above $5,600 per troy ounce on October 8, 2025, surging over 55% in the past year and nearly 120% in five years due to inflation, economic uncertainty, and demand for safe-haven assets.
Silver reached C$69 per ounce, more than doubling in five years.
Investors are selling gold jewelry and older silver coins for high melt values, while others buy fractional gold coins or physical bullion, avoiding ETFs due to supply concerns.
Some analysts predict gold could reach $10,000, though long-term forecasts remain uncertain.
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El oro canadiense alcanzó un récord de $5,600/oz el 8 de octubre de 2025, impulsado por la inflación y la demanda de refugio seguro.