Gold Hits Fresh Record, Nearing $5,000

Core Viewpoint - Gold prices have reached a new record, nearing the $5,000-an-ounce mark due to increased geopolitical risks, economic uncertainty, and a weaker U.S. dollar [1] Group 1: Market Performance - Gold futures in New York increased by 0.5% to $4,939.20 per troy ounce after peaking at $4,970 during the session [1] - Silver futures rose by 1.8% to $98.04 per ounce [1] Group 2: Market Drivers - The rally in gold prices is driven by FOMO (fear of missing out) and ongoing support from hard-asset drivers, especially following a slight easing in U.S.-EU tensions [2] - Central bank demand for gold remains strong, the U.S. dollar continues to weaken, and governments are issuing debt with uncertainty regarding long-term repayment [2]