Gold continued its rapid rally on Thursday, reaching a record level — just shy of $5,600 per ounce, as investors sought safe-haven assets amid geopolitical and economic uncertainty, while silver almost surpassed the $120 mark, Reuters writes .
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Spot gold price jumped 2.6% to $5,538.69 per ounce as of 06:49 Minsk time, after previously setting a record of $5,591.61.
"The growth of US debt and uncertainty caused by signs that the global trading system is fracturing into regional blocks, moving away from a US-centric model, are pushing leading investors to invest in gold," said Marex analyst Edward Meir.
In mid-December, gold cost $4500 per ounce. On Monday, January 26, it broke the $5000 mark and began to rapidly appreciate: Tuesday — $5100, Wednesday morning — $5200, Wednesday (day) — $5300.
This month, gold has risen by 22 percent, with growth reaching 64 percent in 2025.
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