Spot gold prices hit an all-time high of around $4,560 per troy ounce last Friday before sliding more than 4% on Monday, as exchange operator CME Group raised its margin requirements for precious metals contracts and investors booked profits. Gold rebounded on Tuesday, trading recently at around $4,400.

Silver prices on Monday suffered their largest single-day drop in almost five years, before rebounding nearly 8% in midday trading on Tuesday. Some other precious metals, including gold, rode a similar rollercoaster.

Gold prices are at record highs. Learn what’s driving the surge, whether to buy coins, bars or a Gold IRA and how to buy gold safely in 2026.

Discover why Costco's 1-ounce gold bars are in high demand, generating hundreds of millions in sales monthly as prices climb past $4,000 an ounce.

Gold is currently trading at $4,361.38 per ounce as of December 30, 2025, up dramatically from where it stood just a year or two ago. Based on today's spot price, a 100-ounce gold bar carries a raw metal value of approximately $436,138. However, what you'll actually pocket when selling depends on several factors beyond just the spot price.

Gold had a stupendous 2025, the price of an ounce reaching $3,000 for the first time in March, and then topping $4,000 in October. It closed 2025 at more than $4,300 an ounce, 66% higher than the price at the start of the year.

Gold and silver prices are about to record their biggest annual gains since 1979. Rising sharply in late April after President Donald Trump’s rocky global tariff rollout, the price of gold has soared nearly 70% in 2025. Silver, up more than 30% in December alone, has surged more than 160% this year.

Gold and silver prices may see volatility with some consolidative bias in the coming days, says Maneesh Sharma, AVP - Com.

Mundada pointed to expectations of further Federal Reserve interest rate cuts in 2026, geopolitical turmoil, and de-dollarization as central banks diversify reserves away from the U.S. dollar—"We are transitioning into a new, multipolar monetary era," Mundada wrote.

Higher-than-expected nominal GDP growth rates in the US & abroad can generate higher earnings growth; therefore, another strong performance for the S&P 500 in 2026. Gold prices saw a roughly 16x increase so far this century, greatly beating the S&P 500 index, which saw a roughly 5x increase for the same period.