Source: Yahoo! Finance
“Gold continued to rise on Monday after breaking above $5,000 an ounce earlier than Wall Street expected. Futures hit the major milestone on Sunday, raising questions about the stunning speed of the rally in precious metals. Gold’s surge has become a hallmark of the so-called ‘debasement trade,’ with investors buying assets to protect against the erosion of purchasing power amid soaring government debt worldwide. ‘The rise in precious metals prices is breathtaking and profoundly scary,’ wrote Robin Brooks, Senior Fellow at the Brookings Institution on Sunday, noting the rise in gold prices is ‘part of something much bigger.’ … Bullion has made turns higher at every major geopolitical this year, including the US capture of Venezuelan leader Nicolás Maduro and President Trump’s tariff threats in pursuit of Greenland.” (01/26/26)