Gold surpasses $4,700 for the first time ever, as safe-haven demand rises on geopolitical and trade risks
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Summary
- The international gold price was reported to have hit a record high after surpassing $4,700 per ounce for the first time.
- It said safe-haven demand strengthened amid renewed trade frictions between the US and Europe, rising geopolitical tensions, and expanding volatility in risk assets.
- With money flowing out of equities and cryptocurrencies, gold was said to be showing a strong uptrend as an inflation hedge and a means of avoiding geopolitical risk.
Amid mounting uncertainty in global markets, gold prices have notched a fresh all-time high.
According to Watcher.Guru on the 20th (local time), the international price of gold topped $4,700 per ounce for the first time. The move is seen as the result of a sharp intensification in safe-haven demand as trade frictions between the US and Europe flare up again, geopolitical tensions rise, and volatility broadens across risk assets.
In recent markets, overlapping factors—including US tariff pressure, the possibility of a European response, and concerns about a global growth slowdown—have driven outflows from risk assets such as equities and cryptocurrencies. By contrast, gold has again come into focus as an inflation hedge and a tool for avoiding geopolitical risk, extending a strong rally.
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