Gold prices hit an all-time high, surpassing $5,000 per ounce, driven by a variety of factors including a weakening dollar, global uncertainty, and inflation concerns. Central bank buying and retail speculation are also boosting the precious metal market, with silver reaching new records as well.

Geopolitical tensions surrounding Greenland and trade threats have impacted gold prices, with President Trump’s shifting stances causing concern among NATO allies. Trade tensions persist, with threats of tariffs against Canada. The dollar has weakened against the yen, fueling speculation of U.S.-Japan intervention to support the Japanese currency.

Political tensions in the U.S. heightened after a fatal shooting of an anti-ICE protester, potentially leading to a government shutdown. Winter Storm Fern affected energy markets, pushing oil prices higher. U.S. stocks remained steady, Treasury yields slipped ahead of the upcoming Fed meeting, and major earnings reports are expected from companies like Apple, Microsoft, and Tesla.

Gold prices continue to soar, hitting over $5,100 per ounce, with a significant increase this year driven by safe-haven demand and monetary policy easing. Silver also climbed above $100 for the first time, fueled by retail-investor flows and tightness in physical markets. U.S. economic data and corporate earnings will be closely watched today.

Read more at Yahoo Finance: Morning Bid: Gold-plated fear