Overview
- Spot gold set a fresh record above $5,200 an ounce, with silver holding near $110–$113 after an intraday peak around $117.
- The dollar weakened broadly after President Trump said he was not concerned about its decline, pushing the euro above $1.20 and lifting the yen.
- Global equities stayed near record highs, with the S&P 500 closing at a new peak even as safe‑haven flows into precious metals intensified.
- Investors expect the Federal Reserve to keep rates unchanged this week, and growing bets on easier policy and uncertainty over future leadership are supporting bullion.
- Heightened trade and geopolitical risks, including new U.S. tariffs on South Korean goods and tensions with Iran, reinforced demand for havens alongside continued central‑bank gold buying led by China.