Gold Hits Fresh Record, Breaks $4,700 an Ounce on Global Uncertainty

Gold surged to an unprecedented level in global markets, breaching the $4,700-an-ounce mark for the first time, as escalating geopolitical and economic uncertainty pushed investors toward safe-haven assets.Spot gold rose 0.7% on Tuesday to $4,699.93 an ounce, according to data cited by Reuters. Prices touched an all-time high of $4,701.23 during the session. In the US futures market, gold for February delivery jumped 2.4% to trade at $4,706.50 an ounce.Silver also hovered near record territory. Spot silver climbed to $94.27 an ounce, after briefly hitting a session high of $94.72 earlier in the day.Analysts attribute the rally to heightened global uncertainty following threats by US President Donald Trump to impose additional tariffs on European allies, prompting investors to reduce exposure to riskier assets and seek refuge in precious metals. The move has propelled gold beyond the $4,700-an-ounce threshold for the first time in history.Tim Waterer, chief market analyst at KCM ...

• 20 Jan 2026