Here’s why the price of precious metals is rising—and why it might be a bad sign for the broader markets. On Sunday, the price of gold hit a major milestone: it surpassed the $5,000-per-ounce mark for the first time in history. But while gold’s price rise is a good thing for investors in the precious metal, it may also signal broader investor anxiety about the markets—and the world. Here’s what you need to know about gold’s surge.