Gold breaks new record on Greenland tariff threats — $7,000 level on the cards

Gold prices climbed to a fresh record above $4,800 on Wednesday, extending a sharp rally as investors sought safety amid tariff threats from the White House and renewed concerns about a global trade war.

The surge has reignited debate among investors over how much prices can rise after a blockbuster year for the bullion.

Following a record-breaking 2025, gold has entered 2026 with momentum intact as geopolitical tensions, falling real interest rates and efforts by investors and central banks to diversify away from the dollar reinforce its role as the world’s ultimate haven, analysts said.

Forecasts are increasingly bullish. Analysts surveyed by the London Bullion Market Association expect prices to rise above $5,000 this year, citing expectations of lower U.S. real rates, continued Federal Reserve easing and sustained central-bank diversification away from the dollar.

Julia Du, a senior commodities strategist at ICBC Standard Bank, sees gold prices pushing as high as $7,150.

“Gold remains the headline story after a record-breaking 2025,” the LBMA said in its forecast survey.

#EarnCryptoNoInvestment
#BINANCETIP #Write2Earn #BinanceSquare #CryptoMarketCapBackTo3T