The rush for gold just keeps coming. Gold hit another all time high this week. The New York spot price of gold closed Tuesday at just over $2,657 per Troy ounce — the standard for measuring precious metals.

If you're considering joining the gold rush, this may seem like the ideal time to get in on the action — and it certainly could be. After all, some investors who bought in earlier this year have seen their gold value increase by hundreds of dollars per ounce so far.

Greg Bonnell - Price of gold has run up to record levels in recent trading. But as the Fed begins its rate-cutting cycle, will the rally continue? Joining us now to di

Gold prices continued their run-up on Thursday, with the front-month contract rising for the seventh straight session to yet another record-high, but silver has been riding gold's coattails and its YTD gains have now surpassed the yellow metal.

Silver rose to its highest level in nearly 12 years on Thursday, riding the coattails of gold's rally to record peaks as interest rate cuts by major central banks fuelled investment interest in precious metals.

On Thursday, silver hit $32.43 an ounce, its highest price since 2012. The metal is up 35% so far this year. That beats a 30% rally for gold, which has been trading at all-time hi