Gold breaks $5,000 barrier in record high

Gold surged to a record high above $5,000 an ounce on Monday, Reuters writes.

Spot gold climbed 1.5% to $5,058.09 per ounce, after touching an all-time high of $5,092.71 earlier.

The metal soared 64% in 2025, its biggest annual gain since 1979, driven by safe-haven demand, US monetary policy easing, robust central bank purchases including China’s fourteenth straight month of buying in December, and record inflows into exchange-traded funds.

Prices have risen more than 17% this year.

The latest catalyst “is effectively this crisis of confidence in the U.S. administration and U.S. assets, that was set off by some of the erratic decision-making from the Trump administration last week”, said Kyle Rodda, a senior market analyst at Capital.com.