Spot gold eclipsed $5,100 an ounce for the first time ever — and could run even further.

Gold is seen as a so-called "safe-haven" asset that investors buy in times of uncertainty and low interest rates.

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

Rising fears that another US shutdown looms pushes gold price to new height amid nearly 90% rise since Trump’s inauguration

Spot gold price touches an all-time high of $5,110.50 for an ounce in the first hours of the day.

The price of the precious metal is up more than 80 per cent across the last year

The price of precious metals have continued a historic rally amid a weakening dollar and global uncertainty, like President Donald Trump’s push to acquire Greenland and tariff…

Spot gold eclipsed $5,100 an ounce for the first time ever — and could run even further.

The surge comes amid uncertainty around the Trump administration and its trade policies.

The price of gold hit a new all-time high Wednesday morning as the precious metal surged more than 20% this year.

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Gold and silver have continued a major price rally throughout 2026 so far, with gold recording its largest single-day dollar increase on Wednesday.

The precious metal could rise to a price between $8,000 and $8,500 an ounce, the bank said.