Gold Surpasses $5,000, What's Happening to the World?
Gold prices are causing a stir again. On Monday (January 26th), gold surged to a record high above $5,000 per ounce. This increase occurred as investors sought safe haven assets amidst increasingly uncertain global conditions.
Spot gold rose nearly 1% to $5,029 per ounce, while US gold futures also touched the same level. Independent analyst Ross Norman even predicted that gold prices could reach $6,400 per ounce this year, with an average of around $5,375.
The rise in gold prices was also triggered by geopolitical tensions. Relations between the United States and NATO are heating up over the Greenland issue. Meanwhile, the Russia-Ukraine war shows no signs of abating, despite US-mediated peace talks. Russian airstrikes have even left more than one million Ukrainians without electricity amidst extreme winter weather.
The situation became even more complicated after US President Donald Trump threatened to impose 100% tariffs on Canada if it continued its trade with China. This threat adds to market concerns about trade wars and global economic turmoil.
Throughout 2025, gold prices have surged 64%. This increase was driven by loose US monetary policy, large-scale purchases by central banks like China, and significant inflows into gold ETFs. Not only gold, but silver prices also made history by breaking through $100 per ounce, indicating that investors are truly seeking safe haven assets. (az)
Source: Newsmaker.id
