Gold Races Toward $5,000 as Silver Hits a Record $100

As the price of gold drew near a milestone on Friday, one metal was set to usurp it: silver, which climbed past $100 per troy ounce for the first time in history. Most active silver futures rose 4.6% to $100.85, marking a record high. The price of gold was 1.4% higher at $4,980.80, just a touch below the critical $5,000 level.