Gold surges to record highs amid banking fraud allegations and policy uncertainty

By Gary Wagner – Kitco News

Gold futures established a new record high on Monday, recovering dramatically from Friday’s sharp decline of more than $75—the largest single-day loss since April 4, 2025. The precious metal’s volatile trading pattern reflects growing investor anxiety over multiple concurrent risks facing the U.S. economy.

Earlier in Monday’s session, gold futures surpassed the all-time single-day gain recorded the previous Thursday. While prices retreated modestly from that intraday peak, the metal still traded approximately $100 higher by day’s end, underscoring robust demand for safe-haven assets.