Exceeding $5,000 per ounce…gold sets a new record high

Gold jumped to a record level, exceeding the level of $5,000 per ounce, continuing its historic rise as investors flock to safe assets amid escalating geopolitical tensions.

The escalation of the dispute between the United States and NATO over Greenland has led to gold rising this year amid expectations of more financial and geopolitical uncertainty.

The yellow metal rose 64 percent in 2025, supported by easing US monetary policy, increasing demand from central banks – with China extending its gold buying spree for a 14th month in December – and record inflows into exchange-traded funds.