Gold has surged to a fresh all-time high, breaking above US$5,100 an ounce as investors continue to flee market volatility and a weakening US dollar.
February 2026 futures on Comex climbed roughly 2.5% on Monday, extending a powerful rally driven by global political uncertainty, financial market instability, and policy tensions in the United States.
Analysts point to investor unease over US political interference in monetary policy, renewed geopolitical flashpoints, and turmoil in sovereign debt markets as key drivers of demand for precious metals.
The broader safe-haven rush has pushed both gold and silver sharply higher over the past year, with gold gaining more than 60% in 2025 and silver rising about 150%. The rally has been amplified by a falling US dollar, making bullion cheaper for overseas buyers, and by upheaval in Japan’s bond market that has triggered a wider reassessment of government debt risks.
Elevated prices have also significantly boosted the value of Russia’s gold reserves, now estimated at more than 74 million troy ounces, giving Moscow a growing pool of liquid assets amid frozen sovereign funds abroad. Analysts say gold could climb further toward $6,000 this year, while some forecasts suggest prices as high as $10,000 are possible within several years if geopolitical tensions persist and confidence in the US dollar continues to erode.
Image credit: Michael Steinberg
Well, keep printing worthess paper money ( €£$) as much as you can, this will help greatly the rise of precious metal prices.
And buy as much silver as you can, still cheap and undervaluated.
Gold price getting now out of reach of modest incomes