WGC Weekly Monitor: Gold Hits Record High on Global Uncertainty
However, analysts caution that near-term challenges may emerge.
SEATTLE (Scrap Monster): Safe-haven demand strengthened early Monday as global markets reacted to renewed geopolitical and trade tensions, driving investors toward assets such as gold and the Japanese yen, said the Weekly Markets Monitor Report published by the World Gold Council (WGC).
Market sentiment shifted after former US President Donald Trump warned of potential tariff actions against several European Union nations amid disputes linked to his Greenland ambitions. Early sector moves point to a rotation away from US equities.
ALSO READ:
WGC: Global Gold ETFs See Record Inflows, AUM Hits All-Time High in 2025
WGC: Global Gold Mine Output Near Record Highs Despite Price Surge
Gold prices surged to fresh record territory, supported by escalating geopolitical uncertainty and heightened trade risks. The LBMA Gold Price PM ended last week at $4,611 per ounce, marking a solid weekly gain and extending year-to-date advances. Investor appetite for bullion remained strong, with increased inflows into gold-backed exchange-traded funds.
However, analysts caution that near-term challenges may emerge. Momentum indicators have yet to fully validate the latest price highs, while a firmer US dollar and rising Treasury yields could cap further upside. Meanwhile, tensions in the Middle East and the ongoing Russia-Ukraine conflict continue to fuel safe-haven interest globally.
In-Depth Analysis: Gold and Silver's Historic Rally to $5,000 and $100
Gold has surged within striking distance of $5,000 per ounce while silver recently shattered the historic $100 barrier for the first time in history. Both metals delivered extraordinary gains in 2025—gold up 65-67% and silver up 144-161%—driven by structural factors including geopolitical tensions, fiscal imbalances, and record central bank diversification.
Read our full market analysis examining what powered the 2025 rally, the fundamentals supporting prices into 2026, and what major financial institutions are forecasting for year-end targets.