Gold price has been aiming for historic highs as of late. In one of its latest feats, the metal is now sitting at a grand price threshold of $4850, breaking all its past records. With this speed and finesse, experts are now predicting gold to cross the $5K milestone sooner rather than later. Can Gold truly hit this ambitious price mark latest by the end of the week?
Also Read: What Silver Price Knows That Gold Price Investors Don’t
Primary Reasons for Gold’s Historic Price Surge
Gold price is currently breaking records, as geopolitical tensions continue to weigh on the markets. With Trump vying for Greenland and markets reacting to the rapid dumping of US treasuries, the collective pressure is now adding pressure to the dollar and USD-denominated assets. This in turn has led the world to turn towards safe haven assets like silver and gold, helping them peak to new highs as of late.
Moreover, Trump has recently issued fresh tariffs on the EU, which is another promising change factoring in, helping the gold price to break new ceilings.
“On a day when geo-economics is again very much in evidence, including the possibility of an EU–US trade war over Greenland (with the UK seemingly caught in a messy middle), gold has once more traded at a record high, exceeding $4,700 an ounce. Also of note for the reasons discussed in earlier posts regarding direct and spillover effects, Japanese yields continue to rise in what risks becoming a rather disorderly dynamic.”
Gold To $5K By The End Of This Week
According to the latest post by the Kobeissi letter, gold’s rapid response to macro- and geopolitical changes may end up helping the asset hit $5K by the end of this week.
Per Rashad Hajiyev, a notable metal expert, gold may eventually now aim for the $5K mark, adding to how the metal is being ruthless in its attempt to claim new highs.
“Looks like gold is going straight to $5k without giving anyone an easy chance to jump in…”
Also Read: Gold 2026 Price Target: The $7,000+ Case Is Gaining Momentum
