Gold tops $5,000 as safe-haven demand drives record run
TL;DR Summary
Gold climbed to a record above $5,000 an ounce as investors sought a safe-haven amid geopolitical tensions and expectations for looser U.S. policy, with spot at $5,024.95 and February futures at $5,024.60. The rally is supported by sustained central-bank purchases, continued Chinese gold buying and strong ETF inflows, with analysts forecasting further upside toward $5,500 this year and potential highs around $6,400, though pullbacks are expected to be brief. Ongoing frictions such as US–NATO tensions over Greenland and stalled Ukraine–Russia talks add to the uncertainty fueling the move.
- Gold rushes to record high above $5,000/oz Reuters
- Gold tops $5,000 for first time ever, adding to historic rally BBC
- Gold Tops $5,000 as Global Upheaval Fuels Precious Metals Rally Bloomberg
- Gold now costs more than $5,000 an ounce. Here’s how it got to this milestone price. MarketWatch
- Gold is at an all-time high—here's the best way to own it, according to financial experts CNBC
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