Trump’s US ‘gold dollar’ coin has no precious metal

The article highlights a striking disconnect between gold’s market price and a new U.S. commemorative $1 coin promoted as a “gold coin.” Despite the name and gold-colored finish, the coin will contain no gold or other precious metals and will be struck from base metals ahead of the U.S. 250th anniversary. The piece underscores that gold futures are trading near record highs, with gold around $4,713/oz and silver also surging sharply, while investors are reminded that the coin’s value is purely legal tender rather than bullion-backed. The announcement has also triggered legal and political debate over whether depicting a sitting president is allowed under existing law. Market-wise, the news is more symbolic than fundamental for precious metals, but it reinforces the broader theme of elevated gold prices and strong momentum across the metals complex.