Gold futures rallied to a new all-time high for the third consecutive day on Thursday as the yellow metal continued its record-setting run.

COMEX gold futures, per the June contract, reached $1,466.50 per ounce this morning.  Gold bullion pared its gains in afternoon trading, however, and finished with a fractional gain of $0.80, or 0.1%, at $1,459.30 per ounce.

Silver failed to match the yellow metal, in terms of posting another new 31-year high.  COMEX silver futures, per the May contract, yesterday hit $39.785 – their highest level since the days of the Hunt Brothers in 1980 – before closing at $39.39.

On Thursday, silver settled up $0.16, or 0.4%, at $39.55 per ounce.