Gold jumped to a new record high, surpassing $5,100 per ounce, continuing its historic rally as investors flock to safe-haven assets amid escalating geopolitical tensions.
The escalating dispute between the United States and NATO regarding Greenland has further fueled gold’s rise this year, amid expectations of increased financial and geopolitical uncertainty.
Spot gold rose 2% to $5,083 per ounce, after hitting an all-time high of $5,110.50 earlier.
The yellow metal has risen by 64% in 2025, supported by the easing of U.S. monetary policy, increased demand from central banks, and record inflows into exchange-traded funds (ETFs).
