Gold futures are now within striking distance of the next major milestone. Today’s strong gains have taken December gold within striking distance of $2700 per troy ounce.

Gold futures reached another record high, closing just $0.20 below $2,660, as investors continue to react to the Federal Reserve's recent decision to begin interest rate normalization.

In a remarkable display of market dynamics, gold prices have soared to unprecedented levels, setting a new record high and closing price.