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Gold reached an unprecedented milestone on Monday, climbing above USD 5,000 per troy ounce for the first time ever. This historic surge marks a record high for the precious metal, as investors increasingly turn to gold amid global economic and geopolitical uncertainties.
In Asian trading, spot gold touched approximately USD 5,020 per ounce, reflecting heightened demand for safe-haven assets. Analysts point to several factors driving the rally, including ongoing geopolitical tensions, currency fluctuations, and concerns over slowing global economic growth.
Further supporting the rise, sustained purchases by central banks, expectations of potential cuts in interest rates, and a weaker US dollar have all played a role in pushing gold to these record levels. The precious metal’s allure as a hedge against risk has been particularly strong in recent months, attracting both institutional and retail investors alike.
Over the past year, gold prices have seen a significant upward trajectory, fueled by a combination of market uncertainty and strategic buying by governments and investors. Some market experts suggest that the rally may continue if geopolitical risks, economic instability, and currency volatility persist, making gold an increasingly attractive store of value in turbulent times.
This historic climb not only underscores gold’s enduring role as a safe-haven asset but also signals growing caution among investors about the stability of traditional financial markets.
