Gold Prices Surge Past $5080
Spot gold prices have surged past $5080 per ounce amid growing market uncertainty, rising 1.44% during the day. Heightened global risk aversion is driving investor interest in precious metals.
Market Analysis
Analysts point to a weakening dollar and rising geopolitical tensions as key factors fueling gold's upward momentum. Inflation concerns have also boosted the metal's safe-haven appeal.
- Gold prices hit fresh highs
- Safe-haven demand increases
- Dollar weakness supports rally