ALBAWABA - Gold prices hit a record high on Monday, surpassing $5,000 per ounce, amid escalating uncertainty stemming from U.S. President Donald Trump's policies and a possible attack on Iran.
Gold reached $5,026 an ounce in trading, while silver had reached $100 an ounce on Friday for the first time in history.
While the turmoil surrounding Trump's Greenland ambitions and the Federal Reserve's policies has provided the latest support for gold, the precious metal has been on a two-year winning streak, fueled by factors including a weak dollar, strong demand from central banks, and rising inflation.
In addition, it is worth noting that the price of an ounce of gold exceeded the $2,000 mark in January 2024.
