Against the backdrop of historical turbulence in global financial markets, the price of gold has, for the first time in its history, exceeded the psychological threshold of $5000 per troy ounce. During trading on the Chicago Mercantile Exchange (CME), February futures jumped by more than 2%, reaching a record $5091.5. According to analysts at Reuters, along with gold, the prices of silver and platinum have also risen to new heights. This rapid increase in precious metal prices is a result of declining confidence in the U.S. economy and government assets, occurring amid escalating geopolitical tensions. Experts note that investors are increasingly choosing tangible safe-haven assets, moving away from dollar-denominated instruments.
The main factor contributing to the current "gold boom" has been the unpredictable foreign policy of the Washington administration. The rise in gold prices is impressive: in 2025, it increased by 64.4%, and in January 2026, it added more than 17%. The sharp increase in quotes is linked to numerous radical statements by President Donald Trump. Investors were frightened by threats to impose 100% tariffs on all exports from Canada if it reached a trade agreement with China, as well as the intention to impose a 200% tax on French wines. Instability has also intensified due to U.S. interference in Venezuela's affairs and Trump's controversial comments about Greenland. In such conditions, gold has become the main "safe haven" for global investments.
Financial analysts are confident that gold will continue to rise in price. Goldman Sachs has already raised its forecast for the current year to $5400 per ounce. Price support is coming not only from private investors but also from central banks of various countries, which, as part of their de-dollarization policies, are purchasing an average of 60 tons of gold monthly. If macroeconomic uncertainty and the Federal Reserve's loose monetary policy persist, the attractiveness of gold will only increase, which could lead to upward revisions of forecasts in the coming months.
