Gold and silver hit record highs in late October 2025 due to safe-haven demand, then pulled back on profit-taking.

Gold and silver hit record highs in late October 2025 amid safe-haven demand fueled by U.S. financial concerns, trade tensions, and a weakening dollar. Prices pulled back Friday due to profit-taking and overextension, with analysts forecasting consolidation next week. Key factors include upcoming U.S. economic data, Federal Reserve commentary, and central bank demand, particularly India’s gold reserves surpassing $100 billion. While long-term outlook remains positive, short-term volatility is expected as markets reassess momentum.