Gold price extends record run toward $4,900 per ounce

Gold price extends record run on geopolitical and debt fears

Gold price extends record run as investors seek safety amid rising global risks.
Spot gold surged nearly 2% to a record $4,887.19 per ounce on Wednesday.
Notably, prices crossed $4,800 for the first time in history.
As a result, gold followed a rapid climb after breaking $4,700 earlier this week.

Gold price extends record run following its strongest annual performance since 1979.
The metal gained about 75% over the past twelve months.
Geopolitical instability and declining trust in fiat currencies supported demand.
Consequently, gold hit record highs more than 50 times through 2025 and early 2026.

Meanwhile, tensions between the United States and NATO allies intensified market anxiety.
President Donald Trump threatened tariffs over opposition to his Greenland proposal.
Therefore, investors increased allocations to traditional safe-haven assets like gold.

Central banks and markets reinforce bullish gold outlook

Gold price extends record run as bond markets signal deeper financial stress.
A sharp selloff in Japanese government debt rattled global fixed-income markets.
Long-dated US Treasuries and the dollar weakened alongside the turmoil.
However, rising Japanese yields also raised fears of global capital repatriation.

Strategists highlighted concerns about fiscal sustainability across major economies.
TD Securities linked gold’s rally to eroding trust in currencies and bonds.
Similarly, investors embraced the so-called debasement trade to preserve value.

Central bank demand added further support to prices.
The National Bank of Poland approved plans to buy another 150 tonnes of gold.
Bolivia’s central bank also resumed gold purchases for foreign reserves.
Goldman Sachs reiterated a $4,900 per ounce base-case target.

Silver moved in the opposite direction during the session.
Prices slipped over 1% after reaching a record $95.89 per ounce.
Nevertheless, analysts expect continued volatility and upside potential in 2026.

SuperMetalPrice Commentary:

Gold’s surge reflects a structural shift in global capital allocation.
Persistent geopolitical tension and sovereign debt risks favor hard assets.
As central banks keep buying, gold may redefine long-term valuation benchmarks.