US EditionGold blasts past $5,000 to record high on safe-haven rush
Gold surged over 17% this year as investors seek safety amid geopolitical tensions, dollar weakness, and strong demand from central banks and ETFs, analysts said.
- Jan 26: Gold surged to a record above $5,100, with spot gold earlier touching $5,110.50 and U.S. gold futures for February delivery rising to $5,086.30.
- Surging safe-haven demand and policy moves lifted prices, with Gold's 2025 rally driven by safe-haven demand, US monetary easing, central banks including China, and tensions over Greenland.
- Retail demand and small-business stress were evident, as gold prices set weekly peaks and rose over 18% this year, straining Australian mints and jewelers, said Cooper.
- Markets reacted with broad precious-metal gains as U.S. gold futures for February delivery rose 2.01 to $5,079.30, with spot platinum and palladium hitting multi-year records.
- Analysts project further gains as spot gold cleared resistance at $5,070 and is expected to rise into a $US5,154 to $US5,206 range, with a $US5,500 forecast for later this year, Philip Newman and Wang Tao said.
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The precious metal breaks through the mythical peak of 5,100. And you can't see the end of the race.
Gold price tops $5,100 amid global chaos
Gold traders warn of a possible price correction after bullion surpassed US$5,100 an ounce for the first time on Monday amid rising geopolitical uncertainty and a weakening dollar, pressuring the baht to appreciate beyond 31 baht to the greenback.
Gold Tops $5,000 an Ounce Amid Geopolitical Turmoil
A genuine gold bullion bar is shown with coins underneath. Credit: BullionVault – CC BY-ND 2.0, via Flickr Gold prices surged past US $5,000 price per ounce for the first time late Sunday and into Monday, extending a historic rally driven by deepening geopolitical instability and investor anxiety regarding US foreign and domestic policy. The precious metal, traditionally viewed as a safe-haven asset during periods of market volatility, reached a…
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