Gold Price Reaches Historic High of $4,870

Gold prices have reached an unprecedented high, reaching $4,870 per ounce. The precious metal’s prices have been on a steady rise for some time now, as geopolitical tension and economic uncertainty have pushed investors to more contemporary stores of value. Just yesterday, Gold’s price hit $4,700 per ounce.

Gold Prices Reach Historic High

Gold has reached the price of $4,870 at the time of writing. The rally has been fueled by intense demand following escalating tensions between the United States and Europe. President Donald Trump’s renewed push to acquire Greenland, alongside threats of imposing tariffs of up to 25% on several European nations, has unsettled the market. This has weakened the U.S. dollar and raised fears of a broader trade war.

Major banks, including J.P. Morgan and Goldman Sachs, have raised their outlooks, with some forecasting that gold could reach the $5,000 mark by mid-2026. Silver has also climbed sharply, nearing record levels above $95 per ounce, reinforcing the bullish momentum across precious metals.