Gold blasts to new record levels as global investors move strongly toward safe-haven assets. The precious metal crossed the $5,000 mark on Monday, reflecting rising concerns over geopolitical tensions and economic uncertainty.
Spot prices showed strong gains in early trading. Gold reached around $5,081 per ounce after touching an intraday high near $5,093. US gold futures for February also moved higher, trading close to $5,079 per ounce.
Market analysts said gold blasts higher due to growing doubts about global financial stability. Investors are shifting away from riskier assets and choosing gold for protection. Central banks have also increased their gold purchases, adding steady support to prices.
China has continued buying gold for over a year. Exchange-traded funds also recorded strong inflows. These trends have helped gold gain more than 60 percent since last year.
Experts linked the rally to policy uncertainty in the United States. Recent trade threats and shifting diplomatic positions have weakened confidence in US assets. Analysts said investors now view gold as a reliable alternative during political instability.
The US dollar also weakened, making gold cheaper for foreign buyers. This further increased demand and pushed prices higher. Traders are now watching the upcoming Federal Reserve meeting for signals on interest rates.
Gold blasts again as forecasts suggest more upside in the coming months. Some analysts expect prices to reach $5,500 later this year. They believe any short-term price drops will attract fresh buying.
Other precious metals also followed gold’s rise. Silver jumped sharply and crossed $108 per ounce. Platinum reached new highs near $2,890, while palladium also posted strong gains.
Silver has gained strong attention from retail investors. Tight physical supply and growing demand have supported its rally. The metal had already doubled last year before reaching new records this week.
Market experts said precious metals remain attractive during uncertain times. They expect continued volatility in global markets. As long as geopolitical risks remain high, demand for gold and other metals is likely to stay strong.
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Gold blasts once again highlight the shift in investor behavior. With rising trade tensions and currency weakness, gold remains a key hedge against instability. Analysts say safe-haven demand will continue to drive prices in the near future.
