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Angel Zhong, Professor of Finance, RMIT University

Silver and gold hit record highs – then crashed. Before joining the rush, you need to know this

silver Gold United States CommSec
Zlaťáky.cz/Pexels, CC BY

The start of 2026 has seen gold and silver surge to record highs – only to crash on Friday.

Gold prices peaked above US$5,500 (A$7,900) per ounce for the first time on Thursday, well above previous highs. But by the end of Friday, it had dropped to around US$5068 (A$7,282).

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