Gold Prices Continue To Rise Rapidly

The key reasons are named.

Global gold prices rose to a record high of more than $4,800 an ounce amid rising demand and a weaker dollar.

This was reported by Reuters.

The spot gold price rose 1.2% to $4,821.26 an ounce after hitting a record $4,843.67 earlier in the session. U.S. gold futures for delivery in February rose 1 percent to $4,813.50 an ounce.

"It's a loss of confidence in the U.S. caused by U.S. President Donald Trump's moves to impose tariffs against Europe and increased pressure to invade Greenland. The rise in gold prices reflects fears of global geopolitical tensions," said Kyle Rodda, senior market analyst at Capital.com.

According to Rodda, investors are selling the dollar and Treasuries, especially long-term bonds, and buying gold because there is now more confidence in gold than in the U.S. currency.

He also noted that a weak dollar makes precious metals, whose price depends on the dollar, cheaper for foreign buyers.

In addition, the spot price of silver fell 1 percent to $93.59 an ounce after hitting a record high of $95.87 on Tuesday.

Spot platinum fell 0.7% to $2,445.96 an ounce after reaching a record $2,511.80 earlier in the day, while palladium declined 0.5% to $1,857.19.

Gold and silver prices began rising sharply in late December 2025. Geopolitical instability, in particular, contributed to this. On December 22, the price of gold rose to an all-time high.

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