Gold is smashing records as the dollar wavers — prompting precious-metal miners to come off the sidelines

Published: Oct. 20, 2025 at 5:09 p.m. ET

Gold’s brief dip last week didn’t last long, as buyers returned in force Monday to the year’s favored safe-haven asset.

After retreating 2% on Friday in the wake of heightened U.S.-China trade tensions, gold prices GC00 surged 3.5% Monday to a record $4,359.40 an ounce for the most active contract.