On Monday, gold reached a new historic high, exceeding 5,000 dollars per ounce, amid rising geopolitical tensions in Greenland, Venezuela, and the Middle East.

This increase reflects a search for safety by investors in the context of global fiscal risks. Spot prices and futures contracts for gold in the U.S. rose by 1.2%, reaching $5,042 per ounce. HSBC highlighted that the recent rise in gold and silver prices is linked to geoeconomic issues in Greenland. Additionally, silver increased by 3%, benefiting from industrial demand. Analysts at Union Bancaire Privée anticipate a strong year for gold, with a forecast of $5,200 per ounce by the end of the year, due to continued demand from central banks and retail buyers. Goldman Sachs revised its gold price forecast for December 2026 to $5,400 per ounce, emphasizing that hedges against global macroeconomic and political risks have become persistent. Furthermore, central bank purchases have significantly increased, estimated at an average of 60 tons per month, which contributes to supporting gold prices.