The record high for gold remains $4,381.21 reached on Monday, currently trading near $4,120

Gold and silver sell off after gold scaled an all-time peak of $4,381.21 on Monday

 ... Spot gold was down 5.5% to a one-week low of $4,115.26 per ounce as of 01:45 a.m. EDT (1745 GMT), its steepest fall since August 2020. ... Spot silver dropped 7.6% to $48.49 per ounce. ...

Story here.

New record highs for gold and silver: $4,378.69 and $54.47

 ... Spot gold was down 2.2% to $4,228.89 per ounce, after scaling an all-time high of $4,378.69 earlier in the session. ... Spot silver fell 4.1% to $51.99 per ounce, after hitting a record high of $54.47 ...

-- CNBC 

Not sure exactly how high, but gold was higher lol, so was silver

 . . . Spot gold was gained [sic] 0.4% per ounce to $4,343.63 per ounce Thursday evening, after bullion touched a record high of $4,330.42 [what?!]. ... Spot silver rose 1.8% to $54.04 per ounce, after hitting a record high of $54.15 earlier in the session. ...

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Equity performance relative to gold in 2025 is seventh worst of all time but notably unique

2025, 2008, 2002, 1979, 1977, 1974, 1973.

Story:

... all the other instances of gold outperformance happened in bear markets for stocks or during major economic crises. ... 

Buh bye stablecoin, gold rallies to a fresh record high on Thursday lol

 

 Gold extended its rally to a fresh record high on Thursday ... Earlier in the session, bullion touched a record high of $4,241.77, climbing for a fifth consecutive session. ... 

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ROFLMAO: Paxos, blockchain partner of PayPal, mistakenly mints $300 TRILLION PYUSD, world's sixth largest so-called stablecoin pegged 1:1 to the U.S. Dollar with market capitalization of only $2.6 BILLION

 J. P. Morgan explains gold's rise as having something to do, in part, with "waning confidence in fiat currencies."  😏 

Why should anything pegged to fiat be more confidence inspiring, especially involving PayPal?

People who've been permanently banned by PayPal this morning are probably saying, "Couldn't have happened to a finer company".

This event should be good for fiat, and really good for gold, which won't suddenly be minted by anyone to the tune of $300 trillion, at least not until Elon Musk lassoes one of them thar asteroids. 

 

PayPal’s crypto partner mints a whopping $300 trillion worth of stablecoins in ‘technical error’

Paxos, the blockchain partner of PayPal, mistakenly minted $300 trillion worth of the online payment giant’s stablecoin on Wednesday in what the company called a “technical error.” ... 

Transactions on Etherscan showed that the mistake had been fixed after about 20 minutes. 

PYUSD is advertised as a dollar-pegged stablecoin that is fully backed by U.S. dollar deposits, U.S. treasuries and similar cash equivalents. Therefore, PayPal says the tokens are always redeemable for U.S. dollars on a 1:1 basis. 

However, the technical error highlights that the dollar peg is guaranteed by PayPal and its independent third-party attestation reports, rather than intrinsically tied to the minting of a stablecoin. ...

 

 

New gold high: $4,217.95

 ... Spot gold rose 1.3% to $4,193.39 per ounce after hitting an all-time high of $4,217.95 earlier. ... Silver climbed 1.7% to $52.31, following Tuesday’s record high of $53.6. ...

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It's hard to keep up with ever-record-setting gold and silver: $4,179.48 and $53.60

 

... Spot gold rose 0.5% to $4,128.49 per ounce, as of 0805 GMT, after hitting a record high of $4,179.48 earlier in the session. ... Spot silver fell 0.1% to $52.27, after hitting a record high of $53.60 ...

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Gold hit another new record at $4,116.77, silver touched a record $52.12

 Reuters, ten hours ago.

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Gold hits record $4,083.42, silver hits record $51.70, Bank of America forecasts $5,000 and $65

 Gold, silver hit record highs as Trump threatens fresh China tariffs

... Spot gold was up 1.64% to a record $4,083.42 per ounce. ... Spot silver jumped 2.22% to $51.39/oz, after hitting $51.70/oz, driven by similar factors as gold alongside tightness in the spot market. ... 

Bank of America on Monday raised its price forecasts for precious metals, lifting its 2026 outlook for gold to $5,000 an ounce and for silver to $65/oz. BofA is the first major bank to raise its gold price forecast to $5,000/oz for 2026. 

On a technical basis, gold’s and silver’s Relative Strength Index stands at 80 and 83, respectively, indicating the metals are overbought. ...

Gold and silver this morning

 ... Spot gold, which hit a record high of $4,059.05 on Wednesday, was up 0.5% to $3,992.97 per ounce as of 0919 GMT - a gain of 2.7% so far this week. U.S. gold futures for December delivery rose 0.8% to $4,005.30. ... Silver rose 3.7% to $50.95 per ounce a day after touching a record high of $51.22. It has gained 76% so far this year. ...

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Silver and gold make new highs

 

Gold vs. SPX

SPX 1999-2025

  1,469.25 12-31-1999

   6,753.72 10-8-2025 close

   +359% 

 

GOLD 1999-2025

 

   278.88 average 1999 price per Kitco

   Spot gold was steady at $4,038.59 per ounce at 1226 GMT 

   +1348%

 

Open and shut case, right?

 

Well, not so fast. 

 

With dividend reinvestment SPX returned approximately 712% over the period, not just the 359% increase in the price level. 

 

$279 invested in SPX in 1999 would yield approximately $2,267 by now vs. $4,038 for gold, which yields nothing over time beyond the increase in its price. Plus you have to pay to protect your gold from thieves.

 

Still, the gold outcome has been about 78% better, but that's only thanks to the recent dramatic rise in the gold price since 2023 when gold was still in the neighborhood of $1,940 an ounce, after averaging just a little over $1,800 in 2022.

 

Although I expect gold to continue to rise, a stock market reset would most likely trigger a big self-off in gold as stock and other speculators raise cash to cover their debts.

 

As always, diversification is key to surviving as an investor. And more important than that is being able to cover your debts if you won't live without debt. 

  

Year to date spot gold is up ~54%

By comparison, Total Stock Market Index VTSAX is up 14.83% ytd through yesterday.

Total Bond Market Index VBTLX is up 6.4%.

... The [gold] rally has been driven by a cocktail of factors, including . . . a weak dollar. ... -- CNBC 

Would these people know a weak dollar if they saw it?

Trying to explain gold like this is just silly.

The Nominal Broad U.S. Dollar Index is 120.51, down 7.4% from the January all time high of 130.21.

The all time low for this index was under Obama in July 2011, at 85.46.

You remember the summer of 2011, right? 

The dollar was at its weakest, America lost its AAA rating, and precisely net zero jobs were created that August, the first time since WWII.

We have a strong dollar today, not a weak one.

 

Spot gold cruises past $4,000 per ounce, silver on the cusp of making a new all time high

 

U.S. gold futures surged past the $4,000 per ounce milestone for the first time on Tuesday

 Reuters.

Spot gold new high $3,990.85.  

The Financial Times wants you to know that the gold bubble began about 5,700 years after the Holocene Epoch began lolol

 

Gold makes new high $3958.57, silver highest since May 2011 at $48.55

 

... Spot gold hit an all-time peak of $3,958.57 an ounce and has climbed 48% so far this year, adding to last year’s gain of 27%. ... 

Silver climbed to $48.55 an ounce, its highest since May 2011.

Its rally is supported by the same factors as gold, as well as strong industrial demand and a tight spot market. ...

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Gold hit record high $3,896.49 today

 Reuters.