The price of gold has experienced major swings in 2026 after hitting a record high of more than $5,000 an ounce earlier in the year, but then dropping.
The past year’s gold frenzy was initially driven by investors looking for a safe place to park their money during geopolitical uncertainty, starting with the Trump tariffs, through interest-rate uncertainty and the outbreak of war in the Middle East.
Last week was the precious metal’s best week since January, while gold mining stocks had their strongest five-day run since 2008.
Like any commodity, the price of gold can go up and down, but investors often
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