The Philippines built up its holdings when gold traded around $2,000 per troy ounce. Prices have since more than doubled.

Less than a day after gold soared to another record high, prices for the precious metal plunged — marking the biggest sell-off in years.

Gold futures on Nymex are trading back above the $4,000 an ounce level as bulls once again hold sway after a flurry of profit taking over recent sessions. Silver is also finding its footing, changing hands above $48 an ounce after dropping to a three-week low near $46 on Monday.

Understanding the complex relationships between gold and rising prices could reshape your investment strategy.

As gold enjoys an unprecedented jump in prices in 2025, you might be curious to know where, exactly, most of the U.S.'s gold is coming from.

By Ishaan Arora (Reuters) -Gold rebounded nearly 2% on Wednesday as investors found the metal attractive after prices fell to a three-week low in the previous session, while the Federal Reserve rate cut decision and Chair Jerome Powell's speech took centre stage.

According to GoldPrice.org, the current price of gold is roughly $3,904.42 per troy ounce, though this figure fluctuates continuously and may differ among dealers. As of October 28, 2025, the price is estimated at $129.05 per gram and approximately $129,047.86 per kilogram.

Bullion prices surged more than 30% over the four months leading up to last week’s record high, as well, with data from Bank of America’s “Flow Show” report noting that inflows into gold portfolios over that time period outpaced total inflows tallied over the past 14 years.