"Gold prices have surged to a record high of more than $5,100 an ounce, extending a historic rally as investors piled into the safe-haven asset amid rising geopolitical uncertainties. Spot gold was up 2.2 percent at $5,089.78 per ounce by 06:56 GMT on Monday, after earlier touching an all-time high of $5,110.50."
"The metal soared 64 percent in 2025, its biggest annual gain since 1979, driven by safe-haven demand, US monetary policy easing, robust central bank purchases, including China's 14th straight month of buying in December, and record inflows into exchange-traded funds. Prices have set consecutive record peaks over the past week and have already risen more than 18 percent this year. The continued rise in gold prices comes as the trade war, the most disruptive since the 1930s, unleashed by US President Donald Trump, has upended supply chains and raised business costs."
Spot gold hit an all-time intraday high of $5,110.50 per ounce and was at $5,089.78, up 2.2 percent, by 06:56 GMT. US gold futures for February delivery traded at $5,086.30 per ounce. The metal rose 64 percent in 2025, its largest annual gain since 1979. Key drivers include safe-haven demand, US monetary policy easing, robust central bank purchases including China's 14th straight month of buying in December, and record inflows into exchange-traded funds. Prices set consecutive record peaks over the past week and climbed more than 18 percent year-to-date. Global trade tensions and tariff measures have disrupted supply chains and increased business costs. A stronger yen weighed on the dollar, supporting further gold demand.
Read at www.aljazeera.com
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