Gold prices have surged to a record high of more than $5,100 an ounce, extending a historic rally as investors piled into the safe-haven asset amid rising geopolitical uncertainties.
Spot gold was up 2.2 percent at $5,089.78 per ounce by 06:56 GMT on Monday, after earlier touching an all-time high of $5,110.50.
US gold futures GCcv1 for February delivery also gained the same amount to $5,086.30 per ounce.
The metal soared 64 percent in 2025, its biggest annual gain since 1979, driven by safe-haven demand, US monetary policy easing, robust central bank purchases, including China’s 14th straight month of buying in December, and record inflows into exchange-traded funds.
Prices have set consecutive record peaks over the past week and have already risen more than 18 percent this year.
