The price of gold hit a new historic record today, surpassing $4,500 per ounce for the first time, as markets react to geopolitical risks, particularly tensions between the US and Venezuela, alongside expectations for potential new interest rate cuts by the Federal Reserve.
The precious metal, traditionally considered a “safe haven,” reached as high as $4,519 per ounce (31.10 grams). Since the beginning of the year, gold prices have posted an impressive surge, recording gains of approximately 70%.
This latest increase is part of a broader rally in metal prices: silver and copper reached new highs yesterday, while platinum sits at its highest level since May 2008.
This momentum is partly explained by escalating risks of deteriorating geopolitical crises, particularly between Washington and Caracas. US President Donald Trump stated Monday that it would be “smart” for his Venezuelan counterpart Nicolás Maduro to “leave” – to abandon power.
Meanwhile, investors are pricing in new Federal Reserve interest rate cuts within 2026, following recent data indicating weakness in the US labor market and slowing inflation.
