After reaching a new record close on Tuesday, gold futures are on the path to yet another record price on Wednesday in overseas markets. This would be the19th new record close since September 2nd. Gold futures were last seen at $4,176.70 representing a $17 (0.41%) gain at time of writing. 

The current rally in the precious metals which had been parabolic already just turned it up another notch. The accelerant added to the already on fire precious metals was Donald Trump threatening 100% reciprocal tariffs on our America’s largest trading partner, China.

Gold futures had impressive gains today last seen up $44.40 or 1,11% back above $4,000 at $4,035.50. The gains are impressive not simply by their magnitude but because almost all other markets traded dramatically lower. The Nasdaq fell by 4.39%, The S&P 500 lost 3.41%, and Bitcoin had been down over 9% but is recovering now down only 6.16%.

Gold futures experienced their first notable decline since August on Thursday, with contracts dropping $69.50, or 1.71%, to settle at $3,991.10. This marked the most significant pullback since August 11th, occurring amid dual pressures from easing geopolitical tensions and a strengthening U.S. dollar.

Financial markets demonstrated remarkable breadth and resilience on Wednesday, with gains extending across equities, cryptocurrencies, and commodities in a synchronized rally that defied conventional correlations. The day's standout performance came from precious metals, particularly gold, which continued its relentless march to unprecedented levels despite headwinds from a strengthening U.S.

Gold futures have achieved a historic milestone, breaching the $4,000 per troy ounce threshold for the first time. The most actively traded December Comex futures contract gained $23.50, or 0.59%, reaching $4,007.90 as of 5:39 PM ET.

Gold futures traded to within striking distance of the key and significant psychological level of $4,000 per troy ounce today. Gold reached another record high of $3,997. December Comex futures are in after hours, or overseas trading currently as of 6:24 PM ET within dollars of the Monday’s high at $3,994.30.

Gold prices climbed on Friday, maintaining momentum near record levels as the precious metal approached its seventh consecutive weekly gain. The rally has been driven by growing concerns over the economic impact of a prolonged U.S. government shutdown and ongoing expectations of additional Federal Reserve interest rate cuts.

Gold prices advanced modestly during today's session as market participants weighed competing forces: disappointing private-sector employment data against intensifying safe-haven demand triggered by an impending government shutdown.

Gold futures extended their remarkable rally on Tuesday, establishing yet another all-time high as concerns over a potential U.S. government shutdown intensified investor appetite for safe-haven assets.