"Gold soars past $5,500 an ounce as US President Donald Trump renews threats against Iran. Gold prices have set a new record amid United States President Donald Trump's threats of military action against Iran and the weakness of the US dollar. Bullion surged past $5,500 an ounce on Thursday, extending an extraordinary rally that has seen the precious metal gain more than 20 percent in value since the start of the year."
"The latest peak came after Trump said a massive Armada was on its way to Iran and that US forces were prepared to act with speed and violence, if necessary. Gold has been historically prized by investors for its tendency to hold its value, particularly during periods of economic uncertainty or upheaval. The precious metal soared 64 percent in 2025, a year marked by Trump's return to the White House and his radical shake-up of international trade and institutions."
Gold surged past $5,500 an ounce following renewed threats of military action against Iran and a weak US dollar. Bullion has climbed more than 20 percent since the start of the year and rose 64 percent in 2025 amid major geopolitical shifts. The peak followed statements that a massive armada was heading toward Iran and that US forces were prepared to act quickly and forcefully if needed. Investor interest in gold was supported by diminished appeal of government bonds amid concerns about large sovereign debts. Asian equity markets opened mostly lower before rebounding later in the day.
Read at www.aljazeera.com
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