Washington, D.C. — The projected cost of the new White House State Ballroom has surged far beyond initial estimates as global gold prices hit unprecedented levels, raising fresh questions about the feasibility of President Trump’s plan to furnish the space with gold-covered fixtures and décor.
Gold prices have climbed to historic highs in early 2026, with spot bullion trading above $4,800 per ounce amid geopolitical tensions and market uncertainty, making precious metals exceptionally expensive for construction and luxury uses.