As any investor will tell you, the past month has been absolutely brutal when it comes to the markets. In the past 30 days alone, the Nasdaq is down 9.5%, the Dow Jones Industrial Average is down 7.8%, and the S&P 500 is down 7.8%.

But in the same period, one asset has surged: gold.

As of the time of this writing, the price of an ounce of gold has surged over the past 30 days by a remarkable 14.4%. And gold isn’t just surging—it’s hitting all-time highs.

This morning, gold peaked above $3,506 per ounce—a record for the precious metal. As of the time of this writing, the commodity has pulled back slightly to around $3,453 an ounce, according to Yahoo Finance data.

However, even that price is still striking. That’s nearly $800 an ounce higher than gold was at the beginning of 2025. Since then, the metal has surged 32%. 

Gold’s biggest jump has happened in the past five days alone. During that period, it has surged 7.78% But why? 

When the economy is in turmoil or investors fear an economic downturn is coming, they tend to park their money in what are known as economic “safe havens”—assets that have historically been less likely to decrease in value during greater economic downturns.

As Investopedia notes, historic safe havens include cash; some currencies like the Swiss........

© Fast Company