Precious metal closes in on $5,000 and silver tops $100 as Trump’s shortlived tariffs threat sparks rush to safe havens

Gold prices climbed to another record of over $4,800 on Wednesday, extending its sharp rally.

Prices for gold and silver settled at their highest levels on record Tuesday, with the latest bout of U.S. policy uncertaint

Goldman Sachs noted that while central bank buying drove solid gold price increases in 2023 and 2024, the rally has accelerated since 2025 as the institutions began competing for limited bullion with private-sector investors through traditional ETF purchases, sparked by Federal Reserve rate cuts.

Gold surged to a record high, with silver rising in its ‍wake, as geopolitical and economic ‍uncertainties drove investors toward safe-haven assets.

Pakistan, Jan. 24 -- Gold prices in the domestic market surged to new record highs on Friday, tracking a strong rally in international markets driven by heightened geopolitical tensions and expectations of further US interest rate cuts.

Gold and silver hit record highs on Monday, driven by a flight to safety after President Trump warned of extra tariffs on some European countries in a dispute over Greenland. Spot gold jumped 1.7% to $4,

The U.S. stock market bounced back from its worst day since October on Wednesday after President Donald Trump said he reached the framework for a deal about Greenland, an island he’s long coveted, and won’t impose tariffs he had threatened on several European countries.