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Gold Surges Past $5,000 To Historic High As 'Crisis Of Confidence' In Trump Administration Rattles Global Markets - SPDR Gold Shares (ARCA:GLD)
Benzinga· 2026-01-26 07:34
Gold shattered the $5,000 ceiling for the first time in history on Monday, hitting a record high of $5,093.15 per ounce as U.S. policy decisions sparked a global flight to safety.Crisis Of ConfidenceSpot gold rallied nearly 2% to trade around $5,069 during the publication of this story, fueled by what analysts are calling a “crisis of confidence” in Washington.Markets have been rattled by the Donald Trump administration's abrupt threats to impose heavy tariffs on European allies and Canada, alongside renewe ...