With spot gold prices clearing another milestone by hitting a record high above $5,000 per ounce on Monday, analysts expect the run could extend further toward $6,000 this year, βon mounting global tensions as well as strong central bank and retail demand.
Spot gold was up 2.1% at $5,087.39 an ounce by 10:30 a.m. GMT after hitting a record $5,110.50 as geopolitical and economic risks rattled markets. βThe safe-haven metal is already up about 18% this year, after soaring 64% in 2025, for its biggest annual gain since 1979.
The London Bullion Market Association's annual precious metals forecast survey shows analysts projecting gold rising as high as $7,150 and averaging $4,742 in 2026.
Goldman Sa
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