Gold reached a fresh record high today, extending a remarkable rally that has propelled the precious metal to significantly outpace U.S. stock indexes this year. Gold futures climbed to within $20 of $3,800, pushing year-to-date gains beyond 40%.

The precious metals market demonstrated remarkable resilience today, with both gold and silver posting substantial gains that more than offset mid-week weakness.

Despite the Federal Reserve's decision to reduce its benchmark interest rate by 25 basis points.