Precious metals hit record highs. The price of an ounce of gold—a benchmark safe-haven asset—reached a new all-time high early Tuesday morning: $3,508.54, equivalent to €3,014.51. As usual, it eased slightly throughout the day, to $3,477, but by mid-afternoon it had regained its high, surpassing $3,515. This year alone, an ounce of gold has appreciated by more than 40%.