Record-Breaking Gold Prices

On Tuesday, gold prices hit a first-time high of $4,000 per ounce. Gold futures closed at $4,004.40 per ounce after hitting an intraday all-time high of $4,014.60. With geopolitical volatility, economic uncertainty, and inflation on the rise, and as the U.S. dollar’s value drops, investors have turned to the precious metal as a resilient investment and a safeguard against inflation.

This year, gold prices have risen by 50 percent as the U.S. dollar index has dropped 10 percent and President Donald Trump has disrupted the global trade system and threatened the independence of the Federal Reserve. Prices are expected to continue to rise. “I see gold reaching $4,300 per ounce over the next six months as the U.S. dollar is expected to continue to depreciate,” says Michael Langford, chief investment officer at Scorpion Minerals. Additionally, on Monday, Goldman Sachs raised its December 2026 price forecast from $4,300 to $4,900 per ounce.