Amid global uncertainty, investors are turning to gold as a safe investment. As a result, gold prices in the international market crossed $5,000 per ounce for the first time on Monday, creating a new record.
The price of spot gold per ounce in the international market rose to $5,081.18. Gold prices also reached $5,092.71 on the day. At the same time, US gold futures for February delivery increased to $5,079.30.
Gold prices have risen by approximately 64 percent in 2025. This year too, prices have climbed more than 17 percent so far.
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The demand for safe investment, the possibility of interest rate cuts in America, central banks' continuous gold purchases, and large investments in ETFs-all combined have strengthened this rally. China, in particular, has been buying gold continuously for 14 months.
Kyle Rodda, senior market analyst at Capital.com, said on this matter, "A crisis of confidence has been created by the US administration's decisions. That's why investors are rushing toward gold as an alternative."
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US President Donald Trump's recent multiple tariff-related comments and decisions have increased market volatility. His stance on trade with Canada, Europe, and France has created anxiety among investors.
Philip Newman, director of Metals Focus, said, "We think gold prices will rise further. Prices could go up to $5,500 by the end of this year." According to him, although prices may decline somewhat due to occasional profit-taking, they will rise again.
Not just gold, but prices of other precious metals are also sky-high. Spot silver per ounce has increased to $108.91. Platinum has risen to $2,871.40. Palladium has reached $2,075.30. Particularly in the silver market, retail investors' interest and supply shortages have pushed prices even higher.
{News Ei Samay does not provide investment advice anywhere. Investment and trading in the share market or any field involve risk. Proper study and expert advice are recommended beforehand. This news is published for educational and awareness purposes.}
