Today, gold reached new highs while silver and bitcoin prolonged their gains, as investors seek protection from increasing government debt and move towards the “debasement trade.”
In early trading, gold futures surged past $4,060 per troy ounce to hit a new record, while silver futures rose to $48.70, marking their highest level in decades.
So far in 2025, gold has increased by 51%. In the first quarter, it achieved its best quarterly performance since 1986.
This week, Goldman Sachs increased its December 2026 target for gold prices to $4,900 per ounce, up from $4,300.
Bitcoin is currently trading close to $123,000, just below Monday’s record of $125,790.
The price rise reflects a market showing ongoing support for the so-called debasement trade, fueled by inflation, substantial government spending, and increasing debt financed through money creation.
By CEO NA Editorial Staff
