Gold Price Breaks $5,000 as Silver Holds Above $100: What’s Fueling the Precious-Metal Surge
Gold surged past $5,000 an ounce on Monday, hitting a new record amid a fresh rush to safe-haven assets. Spot gold, for immediate delivery, climbed 0.85% to $5,024.95 per troy ounce by 2341 GMT. Meanwhile, U.S. gold futures for February delivery ticked up 0.91% to $5,024.60. The shift came after a volatile week in currencies and bonds, rattled by tensions tied to Greenland and Iran that spooked markets. The yen swung wildly, underscoring the instability. The dollar index lingered close to a four-month trough as investors eyed the Federal Reserve’s policy meeting scheduled for later this week.