Gold prices reach an all-time high, with spot prices touching $4,960 per ounce for the first time in history. The move underscores sustained demand for safe-haven assets amid heightened geopolitical tension, macroeconomic uncertainty, and persistent volatility across global financial markets.
The rally extends a strong multi-month uptrend supported by central bank purchases, robust investment inflows, and hedging activity against inflation and currency risk. Investors increasingly favor gold as concerns linger over global growth prospects and policy unpredictability in major economies.
Market participants note that record prices also reflect constrained supply growth and rising strategic allocations to precious metals. With risk sentiment remaining fragile, gold continues to play a central role in portfolios seeking protection against systemic and policy-driven shocks.