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AAP
AAP
Derek Rose

Precious metals surge ever higher as US dollar fades

United States Gold US Dollar silver Donald Trump Joanna Kordina Stephen Miller
Gold has doubled in value and silver has nearly quadrupled in the last year. (Dan Himbrechts/AAP PHOTOS)

Precious metals have been setting record after record in 2026 - and the rally shows no signs of stopping with Donald Trump in the White House.

On Thursday gold broke through the $US5,500 an ounce level for the first time ever, just two days after breaking through $US5,000. 

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