LARGO, Fla. - The price of gold has smashed through $4,000 an ounce for the first time on record, with silver racing toward $50/oz. amid safe-haven buying and policy shifts that favor industrial metals.

Analysts point to global economic uncertainty, central-bank demand and renewed retail interes t as key drivers.

By the numbers:

As of Wednesday, October 8, 2025, gold has topped $4,050/oz intraday – an all-time high. Silver has also neared $49-50/oz. – the strongest level since 2001 and flirting with a record.

Local perspective:

At Arnold Jewelers, a 42-year family business in Largo , store manager Zach Arnold said foot traffic and phone calls are surging as prices soar.

"Gold and silver are record, record high," said Arnold.

The weight of gold has never been worth this much be

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