Gold Prices Skyrocket on Economic Fears and Fed Pause Speculation

Investors are buying up gold due to concerns over the pace of economic growth and the belief that the Fed will pause interest rate hikes.
Gold prices reached their second highest level in history this week, gaining over 25% since November.
Other precious metals like silver have also seen substantial price increases.
Central banks around the world have contributed to gold's rally by purchasing more of the metal.
Analysts think gold could continue rising to record high prices.