Gold prices climbed past $5,000 an ounce on Monday, setting a fresh all‑time record as investors flocked to safe-haven assets amid rising geopolitical tensions and global fiscal uncertainties.

Spot gold and U.S. futures both rose more than 1%, extending a historic rally driven by market fears and demand for protection.

The surge is linked to geopolitical flashpoints—from disputes over Greenland to other international pressures—that have reinforced gold’s appeal as a hedge.

Silver also rallied sharply, with prices jumping about 3% as industrial and investment demand strengthened, CNBC has reported.

Analysts say strong institutional, retail, and central‑bank buying suggest gold may continue its upward trend through 2026.