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Gold prices continue to rise in the face of global uncertainty, with gold prices reaching new highs.
On Monday, gold prices jumped above $5,000 (£3,662) an ounce for the first time ever.
Late on Monday morning, it was trading at about $5,094 (£3,730) an ounce.
Prior to this, the value of the precious metal had experienced a strong rise in the past year, rising by more than 60%.
Investors bought gold in response to concerns about financial and geopolitical uncertainty, which remained high at the start of the year due to tensions between the United States and the United States. NATO Related to Greenland.
The threat of tariffs has since receded, particularly worrying many investors.
gold The U.S. dollar has strengthened in recent weeks as the greenback weakens, posting its worst weekly performance since May last week.
Many financial market experts said that in the face of recent geopolitical concerns, some countries have recently reduced their exposure to the U.S. dollar.
Ipek Ozkardeskaya, senior analyst at Swissquote, said: “U.S. and European stock markets rebounded after the situation eased, but the recovery remains limited and fragile: it is only a matter of when, not where, the next shock comes.
“The global order is changing and trust has disappeared.
“Against this backdrop, investors continue to flock to precious metals. Earlier on Monday, gold prices surged past the $5,000 mark – a clear sign that risk appetite has yet to return.”