Gold Shatters USD5,000 Threshold for First Time

(MENAFN) Gold prices surged to unprecedented levels on Monday, crossing the $5,000 mark for the first time, driven by persistent geopolitical risks and economic uncertainty fueling demand for safe-haven assets.

Spot gold climbed roughly 2.2% to $5,090.8 an ounce as of 0700GMT, after reaching a record peak of $5,111.11 earlier in the session. The metal has gained approximately 9.1% over the past week.

Over the last 12 months, gold has skyrocketed about 84% and has risen around 17% since the start of the year, buoyed by trade tensions, geopolitical instability, and interest rate cuts from major central banks.

Silver followed a similar upward trajectory, rising 4.6% to $107.6 an ounce, after hitting an all-time high of $109.46. Over the past year, silver prices have surged more than 252%.

Investors cited escalating geopolitical concerns as a key factor behind the rally, including US President Donald Trump's demands regarding Greenland.

Market anxiety also intensified following Trump's remarks on Iran, which further fueled uncertainty.

Adding to the volatility, Trump threatened on Saturday to impose a 100% tariff on all Canadian goods entering the United States if Ottawa finalizes a trade deal with Beijing.

"If Canada makes a deal with China, it will immediately be hit with a 100% tariff against all Canadian goods and products coming into the U.S.A.," Trump wrote on his social media platform Truth Social.

MENAFN26012026000045017169ID1110649652