Gold price soars past $4,700 as safe-haven demand surges

Gold price soars past $4,700 amid geopolitical tension

Gold price soars past $4,700 as investors rush into safe-haven assets.
Spot gold climbed 1.4% to a record $4,749.84 per ounce.
As a result, gold extended its 2026 gains to nearly 8%.

Silver also joined the rally and set a fresh all-time high.
Silver prices reached $95.89 per ounce and gained almost 25% this year.
Meanwhile, precious metals benefited from rising geopolitical uncertainty.

The latest surge followed escalating tensions between the United States and Europe.
President Donald Trump threatened tariffs against eight European nations.
Those nations oppose US plans involving Greenland.

Gold price soars past $4,700 as investors seek safety

Gold price soars past $4,700 as macro risks unsettle financial markets.
Investors reacted swiftly to fears of trade conflict and diplomatic strain.
Consequently, capital flowed into gold and silver as defensive assets.

Ole Hansen of Saxo Bank highlighted the shift toward hard assets.
He linked the rally to mounting discomfort with traditional financial investments.
Therefore, gold gained renewed momentum after months of steady inflows.

Gold also builds on strong structural support from monetary policy trends.
Falling US interest rates reduced the opportunity cost of holding bullion.
In addition, central banks continued large-scale gold purchases.

Silver outperforms as rate cut expectations build

Silver prices advanced faster than gold during the rally.
Silver prices tripled over the past year due to strong investment demand.
Industrial usage also supported silver prices alongside safe-haven buying.

Even before geopolitical tensions, metals rose on rate cut expectations.
Markets now price two Federal Reserve rate cuts from mid-2026.
However, crowded positioning has started to raise caution flags.

Bank of America surveys show fund managers view gold as heavily crowded.
Despite that, major banks still project higher prices ahead.
Some forecasts target gold prices between $4,800 and $5,000.

SuperMetalPrice Commentary:

Gold price soars past $4,700 signals deep investor anxiety.
Geopolitical risk now combines with monetary easing expectations.
This mix supports bullion prices in the near term.
However, crowded trades may increase volatility.
Investors should balance upside potential with disciplined risk management.