A few minutes ago, the metal hit $1424 an ounce, but has since backed off slightly to $1420, up 1.9% on the day.
Meanwhile, the Dow Jones Industrial Average is down 110 points, or 0.8%.
The last time gold was trading at these levels was in early May, when it was on the way down.
Since bottoming out at $1179.40 on June 28, the metal has rallied more than 20% to today's prices.
The chart below shows trading in gold in 2013.
Thinkorswim