Gold Prices Surge to Record High Amid Geopolitical Tensions

Gold prices surged past $5,100 an ounce to a fresh record high on Monday, driven by rising geopolitical tensions and global fiscal risks. The rally reflects mounting flashpoints from Greenland and Venezuela to the Middle East, reinforcing gold's role as a hedge against uncertainty. Analysts at Union Bancaire Privée and Goldman Sachs expect gold to continue its strong performance, with year-end target prices of $5,200 and $5,400 per ounce, respectively. Central bank purchases and demand from institutional and retail buyers have contributed to the price surge.

Gold prices have surged to a record $5,000 per ounce due to investors seeking safe-haven assets amid global uncertainty driven by US President Donald Trump's policies and actions. The price of gold has jumped 15% in the first 26 days of 2026, building on a 65% increase in 2025. Trump's policy decisions, including tariff threats against NATO allies and a military operation against Venezuela, have contributed to the uncertainty. Analysts remain bullish on gold, with some predicting prices could rise to $5,400 or even $6,000 per troy ounce.

The price of gold has surged to a record high of US$5,100 an ounce amid heightened geopolitical risks and a growing push for de-dollarisation. Analysts forecast further gains, with Goldman Sachs raising its year-end price target to US$5,400 an ounce. The precious metal is increasingly viewed as a strategic hedge against macro uncertainties and geopolitical volatility. Safe-haven demand has spiked due to the current US administration's foreign policy shifts and supply-chain tensions. Experts attribute the recent price move to justifiable geopolitical risks and a volatile macro environment.