The price of gold futures has crossed $5,100, as investors scramble for safe-haven assets, due to the increase in market uncertainty, as per a Reuters report.
Spot gold continues to hover above $5,000, but is eyeing a breakout at $5,100, if investors feel more volatility is yet to enter global markets
U.S. interference in Greenland, the continuation of the conflict between Russia and Ukraine, and other geopolitical issues have contributed to the increase in price. Additionally, Trump’s threat of tariffs on the E.U. and Canada for not toeing the line on key issues has had an effect on markets.
Alongside the bull run for gold, stablecoins backed by gold have also increased in market capitalization to roughly $4 billion by the end of 2025.
Stablecoin companies offering options backed by gold are also benefitting from the preference for safe-haven investing. Tether said it had added 27 tons of gold in the fourth quarter of 2025, owing to the increase in demand for both gold and gold-backed stablecoins.
The broader metals market also reported an increase in the price of silver and platinum, especially. Monday saw price for spot silver rising to $108 an ounce, the value for silver has more than doubled in 2025, bringing gains this year to over 60 percent.
Fears that the United States might impose fresh tariffs on European countries triggered a rush in October to ship physical silver to New York, culminating in a historic short squeeze in the London market. The resulting liquidity crisis caused prices to jump to levels not seen in decades, surpassing records set in 1980.
LSEG Capital markets professional Jimeet Gandhi weighed in on the issue, saying,
“Metals markets should continue their upward run. Gold acts as a hedge against de dollarisation and central banks are providing needed buying support for prices. Soon, the West, which has historically avoided gold, might also latch on to it, driving prices higher,”
“Other industrial metals like silver and copper will follow more demand-supply dynamics and continue with resilient prices as they are in deficit production with demand outstripping production or supply by a wide margin.”