Gold breaks through $4,600 to set a new high! Trump strikes again, is it about to surge towards the $5,000 mark?
Gold prices have surpassed USD 4,600 per ounce, reaching a new high, and silver prices have also risen. U.S. President Trump is considering various intervention measures against Iran, which may drive precious metal prices to continue rising. HSBC forecasts that gold prices will exceed USD 5,000 per ounce in the first half of 2026, with geopolitical risks and fiscal deterioration being the main driving factors. UBS Group AG also predicts that gold prices may reach USD 5,000 per ounce by the end of the first quarter of 2026, and could even rise to USD 5,400 per ounce