The Bull and Bear Cases for Gold, Silver Prices in November 2025

Major economies like the U.S., China, India, and the European Union are racking up big budget deficits and doing more borrowing in their bond markets. Traders and investors are increasingly worried about the deficits creating a world credit crisis and even a contagion. Those concerns are making for increased safe-haven demand for gold and silver.Global central banks are still stocking up on gold. China added an estimated 15 tons of gold to its forex reserves in September as central banks accelerated their p ...