Gold surged past $5 000 an ounce, setting fresh records as investors piled into safe haven assets amid renewed global jitters linked to US policy uncertainty under President Donald Trump. Spot prices traded in the low $5 000s after touching above $5 090 in intraday dealing.

The rally has also been supported by a softer US dollar, ongoing central bank buying, and strong inflows into gold-linked funds. Reuters reported gold rose 64.0% in 2025 and was already up more than 17.0% early in 2026.