The case for gold to not only reach but breach its all-time record high this year seems exceedingly likely. Gold futures have already reached $3500 per ounce, with the record closing price of $3454.60 reached on Monday, April 21, 2025.

Gold futures declined significantly on Thursday, with the August 2025 contract falling $24.10 (0.71%) to close at $3,356 per troy ounce as of 5:40 PM ET.

Gold futures surged Wednesday, with the most active August contract (GCQ2025) climbing $19.50, or 0.58%, as of 4:35 ET, driven primarily by U.S.