Gold and silver have continued a major price rally throughout 2026 so far, with gold recording its largest single-day dollar increase on Wednesday.

Spot gold eclipsed $5,100 an ounce for the first time ever — and could run even further.

The surge comes amid uncertainty around the Trump administration and its trade policies.

The price of gold hit a new all-time high Wednesday morning as the precious metal surged more than 20% this year.

Precious metal hits fresh record as US President Donald Trump renews threats against Iran.

Gold and silver have continued a major price rally throughout 2026 so far, with gold recording its largest single-day dollar increase on Wednesday.

Gold has fallen from recent highs but there are several reasons investors are still finding refuge in the precious metal.