Gold costs hit report excessive as traders search secure wager amid geopolitical turmoil

[ad_1] Gold surged to a report excessive above $5,100 an ounce on Monday, extending a historic rally as traders piled into the safe-haven asset amid rising geopolitical uncertainties.

Spot gold had been up 2.2 p.c at $5,089.78 per ounce by 0656 GMT, after earlier touching an all-time excessive of $5,110.50. US gold futures for February supply additionally gained the identical quantity to $5,086.30 per ounce.

The metallic soared 64 p.c in 2025, its greatest annual achieve since 1979, pushed by safe-haven demand, US financial coverage easing, strong central financial institution purchases together with China's fourteenth straight month of shopping for in December, and report inflows into exchange-traded funds.

Costs have set consecutive report peaks over the previous week and have already risen greater than 18 p.c this 12 months.

The newest catalyst "is successfully this disaster of confidence within the US administration and US property, that was set off by a number of the erratic decision-making from the Trump administration final week", stated Kyle Rodda, a senior market analyst at Capital.com.

Learn extra Purchase territory, export tradition wars: The right way to make sense of Trump’s ‘new imperialism’

To show this content material from YouTube, you should allow commercial monitoring and viewers measurement.

Settle for Handle my decisions Considered one of your browser extensions appears to be blocking the video participant from loading. To observe this content material, it's possible you'll have to disable it on this web site.

Strive once more

© France 24 In the meantime, a rising yen dragged the greenback broadly decrease on Monday, with markets on alert for potential intervention within the yen and traders slicing greenback positions forward of this week's Federal Reserve assembly.

A weaker greenback makes greenback-priced gold extra inexpensive for holders of different currencies.

Analysts count on gold costs to climb additional towards $6,000 this 12 months on mounting world tensions in addition to robust central-bank and retail demand.

"We count on additional upside (for gold). Our present forecast means that costs will peak at round $5,500 later this 12 months," stated Philip Newman, director at Metals Focus.

"Periodic pullbacks are seemingly as traders take earnings, however we count on every correction to be short-lived and met with robust shopping for curiosity," Newman added.

Spot silver superior 4.8 p.c to $107.903, after hitting a report of $109.44. Spot platinum climbed 3.4 p.c to $2,861.91 per ounce, after hitting a report excessive of $2,891.6 earlier within the session, whereas spot palladium was 2.5 p.c greater at $2,060.70, having touched a greater than three-year excessive.

Silver climbed above the $100 mark for the primary time on Friday, constructing on its 147 p.c rise final 12 months as retail-investor flows and momentum-driven shopping for compounded a protracted spell of tightness in bodily markets for the metallic.