Another day another high: Gold surges past $5,000 as investors seek shelter from global risks

Orientul Mijlociu

Gold climbed to a fresh all-time high, crossing $5,000 an ounce on Monday and extending its record-breaking run as investors seek the safety of the yellow metal amid rising geopolitical tensions and global fiscal risks. Spot gold prices and U.S. gold futures for February gained 1.2%, trading at $5,042 and $5,036 an ounce, respectively. The precious metal's surge comes as recent flashpoints from Greenland and Venezuela to the Middle East underscore higher geopolitical risk, reinforcing gold's