In a volatile week for precious metals, gold hit a new record high on Thursday at $5,600 per ounce, while silver traded at $120 per ounce — only to suddenly dip, with gold down to $4,770 per ounce by Friday evening.
Gold fever reached a new high at the beginning of 2026, with prices hitting a record earlier this week. All over the world, people queued up to sell bullion they already owned or to buy it.
