Gold prices surged to unprecedented highs this week as escalating pressure from the United States on Venezuela sent investors rushing toward safe‑haven assets. Spot gold climbed as high as $4,498.70 per ounce, breaking the $4,500 barrier for the first time during Asian trading. Other market trackers reported peaks between $4,420 and $4,469 per ounce as volatility rippled across global commodities.
The rally marks one of gold’s strongest annual performances in decades, with prices up roughly 70% in 2025. Silver has soared even more dramatically, rising 140–150% year‑to‑date and touching fresh highs above $72 per ounce.
Analysts point to a sharp rise in geopolitical risk as the primary catalyst. The U.S. has intensified actions against Venezuela, including the blockade and seizure of oil tankers, a move that has heightened fears of broader regional instability and pushed traders toward defensive positions. The U.S. dollar has also weakened in recent weeks, further boosting demand for non‑yielding assets like gold.
Expectations of potential U.S. interest‑rate cuts in 2026, combined with heavy central‑bank buying, have added additional momentum to the metals rally.
With geopolitical tensions still unfolding and markets bracing for policy shifts, gold’s record‑breaking run shows little sign of cooling.
Gold Picture on Goodfon.com
