17.10.2025 12:29
Reporting from internet sources, the price of gold has ascended to unprecedented heights, surpassing the $4,300 per ounce mark amidst escalating anxieties surrounding the stability of US credit. This surge represents gold's most significant weekly appreciation since March 2020, registering a robust 8% gain. Concurrently, US stock futures experienced a sharp downturn, with the Dow Jones Industrial Average falling by 0.8%, the S&P 500 declining by 1.1%, and the Nasdaq Composite shedding 1.3% in pre-market trading on Friday.
These market movements were largely precipitated by revelations from two US regional banks regarding loan difficulties, which are reportedly entangled with allegations of fraud. This development followed closely on the heels of a stark warning from JPMorgan CEO Jamie Dimon, who had previously voiced concerns about the deteriorating quality of borrower credit.
In tandem with gold's record-breaking performance, silver also demonstrated remarkable strength, shattering a price ceiling established in 1980. The white metal rocketed past $54.50 per ounce on Friday, marking an impressive year-to-date increase exceeding 85%, before experiencing a slight retracement.
As investor sentiment shifted dramatically towards perceived safer havens, capital flowed out of equities and into fixed-income assets. The yield on the 10-year US Treasury note dipped below the 4% benchmark, a direct consequence of increased demand for bonds, which drives their prices upward. US equity markets bore the brunt of this flight to safety, enduring substantial selling pressure on Friday as investors sought refuge from the growing unease within the American banking system.
