Matt Britzman, senior equity analyst at Hargreaves Lansdown, said: “Gold is doing what it does best when the world feels messy, jumping more than one per cent to above $5,070 amid rising trade tensions, geopolitical flare-ups, political uncertainty in the US, and a growing dollar-debasement narrative.
“Fresh friction between the US, Canada and China, unease around Europe and the Middle East, and even shutdown risks in Washington have all added fuel to gold’s appeal, while markets expect the Fed to sit tight on rates this week.
“After a strong 2025 and a 17 per cent gain already this year, this rally is a reminder that gold bull runs often last longer and climb higher than anyone expects – and so far, this one is sticking firmly to the script.”
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