Gold tops $5,000 for first time ever, adding to historic rally

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Gold prices have surpassed $5,000 an ounce for the first time, continuing a rally that saw a 60% increase in 2025. This surge is attributed to geopolitical tensions, including US-NATO disagreements over Greenland and concerns about President Trump's trade policies, such as threatened tariffs on Canada. Investors are turning to gold and other precious metals like silver, which also hit record highs, as safe-haven assets amid uncertainty. Demand is further fueled by inflation, a weak US dollar, central bank buying, and anticipated interest rate cuts. Scarcity also contributes to gold's appeal, with limited amounts ever mined and future supply expected to plateau.
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