Gold prices jump to new record high amid ‘shifting global order’
The price of gold has lifted to another new record as its value continues to rally in the face of global uncertainty.
On Monday, the price of gold jumped above $5,000 (£3,662) an ounce for the first time ever.
It was priced at around $5,094 (£3,730) an ounce later on Monday morning.
It comes after a strong rally throughout last year which saw the value of the precious metal rise by more than 60 per cent.
Investors had bought into the metal in response to concerns over financial and geopolitical uncertainty, which remained elevated through the start of the year amid tensions between the US and Nato related to Greenland.
Threats of tariffs, which have since somewhat de-escalated, particularly concerned many investors.
Gold has strengthened in recent weeks as the US dollar has weakened, delivering its worst weekly performance since last week since May of last year.
A number of financial market experts have indicated that some countries had reduced their exposure to the dollar recently in the face of the recent geopolitical concerns.
Speaking on the price lift, Ipek Ozkardeskaya, senior analyst at Swissquote, said: “US and European equities rebounded following the de-escalation, though the recovery remains limited and fragile: the next shock is a matter of when, not where.
“The global order is shifting, and trust is gone.
“Against this backdrop, investors continue to flock to precious metals.
"Gold surged past the 5,000 dollar mark early Monday — a clear signal that risk appetite has not returned.”
Matt Britzman, senior equity analyst at Hargreaves Lansdown, said: “Gold is doing what it does best when the world feels messy, jumping more than one per cent to above $5,070 amid rising trade tensions, geopolitical flare-ups, political uncertainty in the US, and a growing dollar-debasement narrative.
“Fresh friction between the US, Canada and China, unease around Europe and the Middle East, and even shutdown risks in Washington have all added fuel to gold’s appeal, while markets expect the Fed to sit tight on rates this week.
“After a strong 2025 and a 17 per cent gain already this year, this rally is a reminder that gold bull runs often last longer and climb higher than anyone expects – and so far, this one is sticking firmly to the script.”