Gold Rushes to Record High Above $5,000/oz

WORLDWIDE – Gold surged to a record high above $5,000 an ounce on Monday, extending a historic rally as investors piled into the safe-haven asset amid rising geopolitical tensions.

Spot gold XAU= rose 0.75% to $5,019.85 per ounce by 2304 GMT, while U.S. gold futures GCcv1 for February delivery gained 0.84% to $5,020.60 per ounce.

Escalating friction between the U.S. and NATO over Greenland has added fresh momentum to gold’s advance this year on expectations of more financial and geopolitical uncertainty.

Gold soared 64% in 2025, underpinned by U.S. monetary policy easing, central bank demand – with China extending its gold-buying spree for a fourteenth month in December – and record inflows into exchange-traded-funds.

Spot silver XAG= rose 2.52% to $105.54 per ounce. Spot platinum XPT= fell 0.03% to $2,766.30 per ounce, while spot palladium XPD= rose 0.31% to $2,016.25 per ounce.