Gold Surges to New High as US Dollar Fades

Gold and silver bullion is seen at Pallion in Sydney, Australia, on Oct. 14, 2022. AAP Image/Dan HimbrechtsPrecious metals have been setting record after record in 2026—and the rally shows no signs of stopping.On Jan. 29, gold broke through the US$5,500 (A$7,770) an ounce level for the first time ever, just two days after breaking through $US5,000.