Investors have been showing interest in gold amid geopolitical tension|Andrzej Barabasz|CC-SA 4.0

Gold is shattering records as it races towards $5,000 an ounce. As of yesterday, the precious metal’s prices were up 8% for the week and 15% since the start of 2026.

Investors have been showing interest in the metal amid geopolitical tensions, including this week’s clash between the US and Europe over President Donald Trump’s push to assert control over Greenland.

Falling interest rates, which have reduced returns on government bonds, have also boosted the appeal of precious metals. Silver has surged even more dramatically. Prices have more than tripled over the past year, jumped nearly 14% this week, and topped $100 an ounce for the first time ever yesterday.