Gold Hits Record High Above $5,000 an Ounce Amid Trump Turmoil and Global Economic Uncertainty
The price of gold has surged above $5,000 an ounce for the first time, driven by increasing uncertainty and volatility in global markets. The record high was set on Monday morning, with prices easing back to $5,091 after a 2.2% gain. The jump is the latest in a remarkable run of gains for gold, which has skyrocketed nearly 90% since President Trump's second inauguration.
Analysts point to Mr. Trump's erratic policy shifts and proclamations as a major driver of investor anxiety, leading them to seek safe-haven assets like gold. "There's been a vaporizing of trust," said Ross Norman, an independent analyst. "And it takes a while to win back that trust, which is why investors are moving away from the dollar and dollar assets."
The rise in gold prices has been fueled by concerns over another US shutdown, with Democrats threatening funding for the Department of Homeland Security after federal immigration agents killed a man in Minneapolis on Saturday. Additionally, the recent threat of 100% tariffs on Canada if it makes a deal with China, combined with Mr. Trump's showdown with Europe over Greenland, have added to investor jitters.
Meanwhile, Japan's new prime minister, Sanae Takaichi, has sparked anxiety among international investors by pledging an unfunded spending spree and tax cuts to win over voters in a snap election on February 8. The prospect of such policies has raised fears about the country's already-strained economy, which is heavily indebted.
The US Federal Reserve is also under pressure to respond to the White House's demands to reduce interest rates faster than expected, amid mounting concerns that a weaker dollar could undermine the value of US assets like Treasury bonds.
Analysts predict that gold will continue to rise in 2026, with some forecasting prices to reach as high as $6,400 an ounce. The only certainty at present seems to be uncertainty itself, and it's this very unpredictability that's driving investors towards gold.
The price of gold has surged above $5,000 an ounce for the first time, driven by increasing uncertainty and volatility in global markets. The record high was set on Monday morning, with prices easing back to $5,091 after a 2.2% gain. The jump is the latest in a remarkable run of gains for gold, which has skyrocketed nearly 90% since President Trump's second inauguration.
Analysts point to Mr. Trump's erratic policy shifts and proclamations as a major driver of investor anxiety, leading them to seek safe-haven assets like gold. "There's been a vaporizing of trust," said Ross Norman, an independent analyst. "And it takes a while to win back that trust, which is why investors are moving away from the dollar and dollar assets."
The rise in gold prices has been fueled by concerns over another US shutdown, with Democrats threatening funding for the Department of Homeland Security after federal immigration agents killed a man in Minneapolis on Saturday. Additionally, the recent threat of 100% tariffs on Canada if it makes a deal with China, combined with Mr. Trump's showdown with Europe over Greenland, have added to investor jitters.
Meanwhile, Japan's new prime minister, Sanae Takaichi, has sparked anxiety among international investors by pledging an unfunded spending spree and tax cuts to win over voters in a snap election on February 8. The prospect of such policies has raised fears about the country's already-strained economy, which is heavily indebted.
The US Federal Reserve is also under pressure to respond to the White House's demands to reduce interest rates faster than expected, amid mounting concerns that a weaker dollar could undermine the value of US assets like Treasury bonds.
Analysts predict that gold will continue to rise in 2026, with some forecasting prices to reach as high as $6,400 an ounce. The only certainty at present seems to be uncertainty itself, and it's this very unpredictability that's driving investors towards gold.
the price of gold is straight up on fire rn its like 5000+ dollars a oz what even is the market doin?! trump is all over the place with his policies and nobody knows whats comin next so it makes sence that people are lookin to safe havens like gold 
i mean the fed is gettin pressure to cut interest rates but if they dont its gonna hurt the dollar big time and then ppl will just wanna more of their $$$ in gold lol Analysts say theres been a "vaporizing" of trust in the system which is crazy talk because we all know how that works out 
. What's the actual economic scenario that's driving up gold prices? Is it just a classic case of "when in doubt, buy gold" or is there something more to it? 
And what about these economic fundamentals I've been hearing about - aren't they kinda important when we're talking about asset prices? 
I need more info on that one before I buy into it. 
so like the price of gold just hit a record high above 5k an oz I think its pretty wild how investor anxiety is driving the market right now. i mean trump's been making some major moves and people are freaking out about it. but honestly, i'm not surprised - his presidency has been marked by a lot of uncertainty from the start.
. And what's with this whole "gold is the answer" vibe? I mean, sure, it's solid and all that, but can't we diversify our portfolios a bit more? 
, who wouldn't want some stability? It's like people are looking for a safe haven, and gold is like that one reliable friend who always has your back 
. Plus, can you imagine having $5,091 just sitting there in your vault, collecting interest? 
. I'm all for it!
. I mean, the guy in charge can be a bit of a wild card (Trump) and people are getting a little worried about their money 
. And yeah, the global economy can be pretty crazy sometimes, but at least gold is stable, right? 
and maybe even reach $6k+ per oz by 2026 
I'm sure it's super stressful for everyone involved, especially those who are watching their savings dwindle. It's like, what can we do? 
Just have to sit tight and hope that things calm down soon. Sending you all lots of love and positive vibes 
but if it makes them wanna buy more gold, who cares? 
. I mean, it's not like I'm investing in Trump's tweets 
, but it's hard to argue with the numbers. 6,400 an ounce? That's wild 
And that's exactly why they're flocking to gold as a safe-haven asset. I mean, Ross Norman said something about trust being vaporized... like, for real? 
. It's gonna be interesting to see how this all unfolds, especially with Sanae Takaichi's "spending spree" and the US Fed's interest rate drama 
. Gold prices are about to get even more interesting... I can feel it 
.
. Unfunded spending spree? Tax cuts? That's just a recipe for disaster 
does anyone no how we're gonna pay for all this gold 
I don’t know what to expect from the future, and that unease is making people scramble for gold.