Overview

• Spot prices reached $4,040.48 per ounce, capping an eighth straight weekly advance.
• Analysts point to a softer U.S. dollar and eroding confidence in it as the main drivers of the latest spike.
• China leads sustained official-sector purchases in a broader shift toward physical bullion and away from dollar holdings.
• Veteran gold proponents Frank Giustra, Pierre Lassonde and Rob McEwen expect further gains, citing monetary expansion and heavy global debt.
• Skeptics question the rally’s narrowness and warn of pullback risks, and silver has climbed to its highest levels since the 1980s.