Gold prices continued their record highs as central banks and investors flocked to safe-haven assets amid geopolitical risks and market volatility caused by US President Donald Trump's policies. On Monday, gold price hit $5100 per ounce for the first time. US futures contracts also rose. Spot gold prices increased by 2.2% to $5093.96 per ounce, after earlier hitting an all-time high of $5110.50. Precious metals are seeing an unprecedented surge, as escalating geopolitical risks fuel the momentum of a so-called 'currency war', where investors abandon paper currencies.
Gold Price Hits Record High of $5100
Gold prices continue to climb to record highs amid geopolitical risks and market volatility. The precious metal's price has reached $5100 per ounce for the first time.