Gold breaks $5,100 an ounce for the first time

Gold breaks $5,100 an ounce for the first time
Gold (Reuters)
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Gold prices jumped above the $5,100-per-ounce level on Monday, marking an all-time high and extending a series of historic gains amid escalating geopolitical tensions that have boosted demand for safe-haven assets.

 

The escalation of the dispute between the United States and NATO over Greenland has further fueled gold’s rise this year, amid expectations of continued financial and geopolitical uncertainty.

 

The yellow metal has risen by 64 percent in 2025, supported by looser US monetary policy, increased demand from central banks, China’s extension of its gold-buying spree for the fourteenth month in December, and record inflows into exchange-traded funds.

Gold (Reuters)
Gold (Reuters)

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