Gold has hit a new all-time high after crossing $5,300/ounce around 1:35 PM today (Pakistan time).
The historic rally has also pushed gold’s market cap beyond $35 trillion. This record-breaking run comes as international buyers continue to count on the top asset after US President Donald Trump’s first year in the Oval Office.
A few commentators on X expect gold to reach $6,000/ounce by the end of 2026. Others said tensions between the US and China, central bank policies, and inflation fears are fueling this boom.
Compared to the US Dollar’s recent rebound from its lowest level since February 2022, gold trends seem unaffected. Money manager Goldman Sachs expects the demand base for gold to broaden even further in the coming weeks. The investment bank has raised its gold price forecast to $5,400 per ounce.