Gold has reached a record level as the price per ounce surpassed the $5,000 threshold, amid rising uncertainty due to the policies of US President Donald Trump.
The price of gold reached $5,026 per ounce yesterday, Sunday, while the price of silver reached $100 per ounce for the first time in its history.
The safe-haven asset, supported by a weak dollar, has been rising continuously for two years, with the ounce surpassing the $2,000 barrier in January 2024.
Gold
Gold is not a specific place or cultural site, but a precious metal that has been mined and treasured by civilizations worldwide for thousands of years. Historically, its discovery has driven exploration, economic systems like the gold standard, and significant cultural events such as gold rushes. It holds deep symbolic value in art, religion, and as a universal store of wealth.
US
The United States is a federal republic founded in 1776 after declaring independence from Great Britain. It established a constitutional government in 1789 and expanded across North America, becoming a global superpower in the 20th century.
Donald Trump
Donald Trump is a businessman and television personality who served as the 45th President of the United States from 2017 to 2021. His presidency was marked by a populist and unconventional political style, significant tax reforms, and a focus on immigration restriction and “America First” foreign policy.
silver
Silver is a chemical element (Ag) historically mined and prized for its use in currency, jewelry, and decorative arts across many cultures. Its history includes driving exploration and trade, notably in the Americas, where vast deposits like those at Potosí in Bolivia were exploited by the Spanish Empire. Today, it remains valuable for industrial applications, investment, and ornamentation.
dollar
The dollar is the official currency of the United States, with its history dating back to the 1792 Coinage Act which established the U.S. Mint and a decimal-based monetary system. The name originates from the historical “thaler,” a silver coin used throughout Europe for centuries.
