Gold hits historic $5,000, silver tops $100 amid global uncertainty

Gold and silver prices scaled record highs on Monday as investors flocked to safe-haven assets amid heightened geopolitical tensions and policy uncertainty linked to the US administration. Spot gold climbed beyond the $5,000 mark for the first time, while silver surged past $100 an ounce, underlining a broad-based rally across precious metals.

In international trade, spot gold rose close to 1% to around $5,025 an ounce, with futures prices tracking similar levels. Silver advanced sharply to above $104 an ounce, extending momentum built over the past year. The rally reflects sustained demand as investors seek protection against market volatility, currency swings, and global political risks.

Gold’s rise has been underpinned by a powerful mix of factors, including easing US monetary policy expectations, strong central bank purchases, and record inflows into exchange-traded funds. The metal gained 64% in 2025 and has added more than 16% so far this year, marking one of its strongest multi-year performances.

Silver has outpaced gold, building on a staggering 147% jump last year. Analysts point to tight physical supplies, robust retail participation, and momentum-driven buying as key drivers pushing prices into uncharted territory.

Geopolitical strains have added fuel to the rally, with tensions involving the US and its allies and uncertainty around trade and tariff policies unsettling global markets. A softer US dollar has further supported bullion prices by making dollar-denominated metals more attractive to global investors.

Market participants expect volatility to persist, with analysts projecting further upside for gold if uncertainty remains elevated. While periodic pullbacks are possible, the broader outlook for precious metals remains firmly bullish amid sustained safe-haven demand.