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It’s Official – New York Spot Gold Price Closes At $1,002.50

Good evening to you all. After close to a year of pounding the table on $1,000 gold, it has arrived. I could write an essay on the what, why, when but sometimes you just have to sit back and enjoy the view. The chart above says it all.

Where does gold go from here? Let’s talk about that tomorrow.

In the meantime, for those of you who want a fast and entertaining education on the gold markets, check out my archive of $1,000 gold posts.

Congrats to Jean-Francois Tardif, John Embry, Eric Sprott, Bill Murphy, GATA, Peter Grandich and Rob McEwen for being proven right after pounding the table on $1,000 gold for much longer than me. Thanks for the education.

Regards,
George

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Last modified: July 13, 2026