Gold is trading at record levels. Why it might hit $5,000 an ounce
Futures tied to the precious metal hit a high of $4,530.80 per ounce on Tuesday — the first time it ever traded above $4,500.
TL;DR
- Gold futures reached a record high of $4,530.80 an ounce, trading above $4,500 for the first time.
- Gold has gained over 71% in 2025, driven by a weaker dollar, geopolitical tensions, and expected Fed rate cuts.
- Technical analysis suggests gold has further upside potential, with targets around $5,000 before a 2026 pullback.
- Seasonality favors gold, with historically strong performance in December.
- Commodity strategists anticipate continued gains in the first half of 2026, linked to lower Federal Reserve rates.
- Investors can access gold through ETFs like SPDR Gold Shares (GLD), VanEck Gold Miners ETF (GDX), and VanEck Junior Gold Miners ETF (GDXJ).