-
Gold tops $5,000 for the first time in 'breathtaking and profoundly scary' rally
Gold (GC=F) rose above $5,000 an ounce on Sunday, hitting the major milestone earlier than Wall Street expected, raising questions about the stunning speed of the rally in precious metals. Gold’s surge has become a hallmark of the so-called “debasement trade,” as investors buy assets to hedge against losing purchasing power while soaring government debt around the world raises concerns. "The rise in precious metals prices is breathtaking and profoundly scary," wrote Robin Brooks, Senior Fellow at the Brookings Institution on Sunday, noting the rise in gold prices is "part of something much bigger." ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
*spot gold hits $5,000 an ounce for first time ...
Gold surged to a record high above $5,000 an ounce on Monday, extending a historic rally as investors piled into the safe-haven asset amid rising geopolitical tensions. Spot gold rose 0.75% to $5,019.85 per ounce by 2304 GMT, while U.S. gold futures for February delivery gained 0.84% to $5,020.60 per ounce. Escalating friction between the U.S. and NATO over ...
Spot gold (XAU/USD) is trading just under the psychological $5,000 mark, with the latest session closing around $4,987 per ounce, up more than 1% on the day and roughly 15% in 2026 alone. The structure is no longer a slow grind higher; the tape is showing an accelerated phase where every dip into the high $4,800s–low $4,900s is bought aggressively. Instead ...
