The surge comes as recent flashpoints from Greenland and Venezuela to the Middle East underscore higher geopolitical risk, while fiscal concerns also loom large.

La marcha atrás de Trump en Groenlandia no frena la subida del metal, que sube un 14% en lo que va de año tras dispararse el 64% en 2025

Chris Weston, head of research at Pepperstone, said gold is increasingly a “hedge against Trump” and his “absolute unpredictability.”