Gold prices have surged to unprecedented heights, eclipsing £5,000 and soaring close to $5,600 per ounce, fueled by geopolitical tensions and economic uncertainty that have investors flocking to safe-haven assets.
Gordon Brown's historic decision to sell Britain's gold reserves is highlighted as costing the nation an estimated £48 billion as gold reaches record-breaking values.
Financial giant UBS has raised its gold price target to a staggering $6,200 per ounce for 2026, signaling a booming demand spurred by investment flows amidst market volatility.
The meteoric rise in gold has also sent silver prices skyrocketing to new records, driven by similar investor behaviors seeking refuge from economic instability.
Increased global tensions and international conflicts have amplified concerns over inflation and tariffs, driving a wave of first-time investors to enter the precious metals market.
This surge reflects a historical pattern reminiscent of the aftermath of the 2008 financial crisis, showcasing how market dynamics and investor psychology can shift dramatically in response to geopolitical threats.