Gold breaks a new price record for the first time in its history, surpassing $5,500 per ounce.

Gold breaks a new price record for the first time in its history, surpassing $5,500 per ounce.

Global markets have witnessed a series of successive increases since the beginning of this year for both metals (gold and silver), largely due to the decline in the value of the US dollar, with analysts increasingly questioning the long-term role of the US dollar as the world’s primary reserve currency. The price of silver surpassed $115 per ounce, while gold was traded at around $5,500 per ounce, marking a historic rise for the precious metal amid markets struggling with increasing geopolitical uncertainty and economic volatility resulting from the US president’s policies, in addition to doubts about the sustainability of US debt and rising geopolitical tensions worldwide, such as the imposition of new US tariffs which first appeared in April 2025, when Trump implemented aggressive global tariffs aimed at reducing the US trade deficit, along with attempts to assert harsh American dominance evident in US actions in South America and attempts to acquire Greenland from Denmark.

In addition to pressuring the Federal Reserve’s independence and interfering in its monetary policies, and the threat of replacing its chairman in line with Trump’s vision of lowering interest rates, which will provide significant support for rising gold prices in global markets. We are witnessing global markets accelerating the abandonment of the dollar and the shift towards precious metals as a result of the mentioned reasons, which have caused gold prices to rise by 24.5% so far this month. Gold and silver prices remain strongly supported towards an upward movement despite appearing inflated at record levels, and the continued weakness of the US dollar — which the US president supports and considers suitable for the current economic conditions of his country — reinforces a broader shift in investors’ sentiment towards tangible assets.