Gold Breaks Records, Surges Past $5,000 an Ounce Amid Global Turmoil

Global gold prices have shattered all previous records, crossing the $5,000-per-ounce mark for the first time as investors rush to safe-haven assets amid mounting geopolitical tensions and economic uncertainty.
During Monday’s trading session, spot gold briefly climbed to an all-time high of $5,111.11 per ounce. By around 7:00 a.m. GMT, prices had eased slightly to $5,090.80, still up 2.2 percent from the day’s opening level. Over the past week alone, gold has gained about 9.1 percent.
Market data show that gold prices have surged nearly 84 percent year-on-year, while rising around 17 percent since the beginning of 2026. Analysts attribute the rally to interest-rate cuts by major central banks, intensifying trade frictions, and growing geopolitical instability.
Silver has followed a similar upward trajectory. On Monday, silver prices jumped 4.6 percent to $107.60 per ounce, after touching a record high of $109.46 earlier in the session. Over the past year, silver prices have soared by more than 252 percent, underscoring strong investor demand for precious metals.
Market observers say recent actions and statements by former U.S. President Donald Trump have further unsettled global markets. His renewed claims over Greenland and comments on the Iran situation have heightened investor anxiety.
Adding to concerns, Trump warned on Saturday that the United States would impose a 100 percent tariff on all Canadian goods if Ottawa signs any trade agreement with China. In a post on his social media platform Truth Social, he said that all Canadian products entering the U.S. would face immediate punitive duties if such a deal were concluded.
Analysts believe that Trump’s hardline trade stance, combined with broader global instability, is driving investors toward gold and silver as safe-haven assets—fueling the unprecedented surge in precious metal prices.