Highest Weekly Gold Close on Israel Iran Conflict

Gold Price Hits Record High, Platinum Supply Squeeze, Central Banks Boost Gold Reserves, and Bullion Banks Profit Gold just closed at its highest weekly level ever (in 2025) fueled by soaring oil prices, possible start to a war in the Middle East, and a renewed flight to safety. Platinum is flashing warning signs of a physical shortage, while silver quietly builds toward a potential breakout past $36. Meanwhile, central banks are hoarding gold at rates not seen in decades, and Wall Street is raking in massive profits from bullion market volatility. Listen to this week’s market update to see the full story behind the headlines and what it means for your stack.