Gold hits $5,111 as investors flee US dollar amid Trump policy tensions

Gold hit a fresh all-time record of $5,111.07 an ounce on Monday, crossing the psychologically significant $5,000 mark for the first time ever. The surge is driven by rising global uncertainty from US President Donald Trump’s policies, including trade tensions and potential government shutdowns. The dollar slumped against major currencies as investors recalibrate exposure to the US amid concerns over tariffs, high government spending, and inflation.

This continues a two-year rally from gold’s price of just over $2,000 an ounce in January 2024. Analysts note gold’s appeal as a safe-haven asset amid geopolitical turmoil, including wars in Ukraine and Gaza, US intervention in Venezuela, and pressure on the Federal Reserve. Federal Reserve Chairman Jerome Powell faces a criminal probe, prompting central bank leaders to publicly defend the institution’s independence.

Gold demand by value jumped 44 percent year-on-year to a record $146 billion in Q3 last year, according to the World Gold Council. Silver also peaked above $110 an ounce on Monday. For Nigerians, this may signal broader economic instability. As investors flock to gold, what does this tell you about the stability of traditional currencies and where you should protect your own savings?

SOURCE: https://www.channelstv.com/2026/01/26/gold-tops-5000-first-time-on-trump-policy-unrest/