Dollar sinks to 4-month low and gold soars past $5,000
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As the US dollar suffers its worst value collapse in history, investors are stampeding into gold, propelling prices beyond $5,000 an ounce.
As gold hits record highs and the dollar weakens, here's what investors should know about the shifting dynamics.
Gold price (XAU/USD) extends its upside to around $5,050 during the early Asian session on Tuesday. The precious metal gains momentum amid growing concerns about financial and geopolitical uncertainty.
Gold surged past $5,000 as the U.S. dollar weakened sharply, while silver broke above $100 with bullish patterns pointing to further gains amid rising volatility and strong technical momentum.
Summary:Gold posted the largest weekly trading range on record, surging toward $5,000 as XAU/USD closed near all-time highs ahead of the Asian session open. XAU/USD is up more than 8% in a single week,
Gold (XAU/USD) attracts fresh buyers following the overnight modest pullback from the record high, though it remains below the $5,100 mark through the Asian session on Tuesday.
Spot gold (XAU/USD) is trading just under the psychological $5,000 mark, with the latest session closing around $4,987 per ounce, up more than 1% on the day and roughly 15% in 2026 alone. The structure is no longer a slow grind higher;
Gold breaks $5,000 as dollar weakness accelerates, fueling safe-haven demand and a $4 million tokenized gold trade.
USD does not benefit from this current episode of risk-off as the “debasement trade” narrative takes hold. Gold and silver rocketed by 1.6% and 3.5% respectively to hit fresh record highs.