Gold surge has analysts eyeing new highs after US$5,100 record amid Trump-era geopolitics

Gold surged to an all-time high of US$5,100 an ounce on Monday, with analysts forecasting further gains as the precious metal is increasingly viewed as a strategic hedge amid heightened geopolitical risks linked to the current US administration’s foreign policy shifts and a growing push for de-dollarisation. “We see the recent move as justifiable, given the rise in geopolitical risks and [the] macro environment,” said Alexandra Symeonidi, a senior corporate credit and sustainability analyst with...