Gold Hits Another Record High on Fed Pause, Igniting a Miner Breakout

Baystreet
2025.10.15 13:31
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Gold has reached a record high of over $4,150 per ounce, driven by central bank accumulation and strong demand, marking its best year since 1979. This surge benefits mining companies like GoldHaven Resources Corp., which has launched its first diamond drilling campaign at the Copeçal Gold Project in Brazil. The project targets a historically significant area with promising geological features. Initial drilling has shown positive signs, and results are expected in 4-6 weeks. Analysts predict gold could reach $4,900 to $5,000 by the end of 2026, supported by ongoing central bank demand and geopolitical tensions.