Gold hits historical heights: Safe-haven demand pushes prices beyond $5,000
Gold has surged to a record level, surpassing the $5,000-per-ounce (troy ounce) mark, continuing its historic rise as investors seek safe-haven assets amid escalating geopolitical tensions.
Escalating tensions between the United States and NATO over Greenland have further supported gold’s rise this year amid expectations of continued financial and geopolitical uncertainty.
The yellow metal rose by 64 percent in 2025, supported by the easing of U.S. monetary policy, increased demand from central banks—with China extending its gold-buying spree for the fourteenth consecutive month in December—and record inflows into exchange-traded funds.

Independent analyst Ross Norman stated, “Our forecast for this year is that gold will reach $6,400 per ounce, with an average of $5,375.”