Gold Surges to Record High Amid Geopolitical Tensions
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Gold prices soared to an unprecedented $4,800 per ounce as investors flocked to safe-haven assets. The rally reflects growing anxiety over trade wars and geopolitical instability, particularly U.S. tensions with Greenland and potential European tariffs.
Analysts predict further gains, with projections ranging from $5,000 to $7,150 by year-end. Goldman Sachs has labeled gold its highest-conviction trade, forecasting $4,900 as demand shifts from central banks to private investors.
The weakening U.S. dollar, down 0.8% to a two-week low, has amplified gold's appeal for international buyers. Micro Gold Futures for February 2026 (MGC=F) mirrored the spot market's 2.3% surge to $4,872.13, with intraday peaks reaching $4,878.30.
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