Gold's December futures contract made history today, breaching $3,700 per ounce for the first time. After reaching an intraday high of $3,715, the precious metal reversed course dramatically, closing down $8.00 at $3,669.70 as of 4:30 PM ET.

Gold's recent performance has been nothing short of extraordinary. The December 2025 gold futures contract has posted gains in eight of the last nine trading sessions, with the most recent decline occurring on Monday, August 25.

Gold soared to unprecedented heights today following a disappointing jobs report that has all but guaranteed Federal Reserve interest rate cuts at this month's policy meeting.