US-Iran Tensions Push Gold to Record High of $5,600 Amid Dollar Weakness
The price of gold has surged to a new record high of $5,600, surpassing its previous all-time peak by over $200, as tensions between the US and Iran continue to escalate. The metal's price surge comes as investors seek safe-haven assets amid geopolitical uncertainty.
Gold prices have been on a tear since 2025, with Wednesday's gain of $220 marking its largest one-day dollar loss on record and its biggest percentage gain since March 2020. Analysts point to US-Iran tensions, a weak dollar, and market expectations of more Fed rate cuts as driving forces behind the surge.
"The U.S.-Iran geopolitical tensions, a weak dollar, and market expectations of more Fed rate cuts are driving prices to endless record highs," said Jamie Dutta, market analyst at Nemo.money.
Meanwhile, silver has also broken through the $120 mark, nearing its record high of $121.79 earlier in the day. Analysts attribute this surge to sustained international tensions, including President Trump's push to annex Greenland and concerns over the independence of the Federal Reserve.
"Hao Hong, chief investment officer at Lotus Asset Management, told Bloomberg Thursday morning gold and silver are the “ultimate safe-haven assets against extreme risk as geopolitical turbulence continues," said analysts.
However, not all experts share this optimism. Some analysts have expressed skepticism about the market's sustainability, citing "extreme price swings that don’t match up with supply and demand." Maximilian Tomei, CEO and co-portfolio manager at Galena Asset Management, described the market as "broken" due to its unpredictability.
As investors continue to watch gold and silver prices, Deutsche Bank predicts that gold could surpass a record $6,000 this year amid the weakening dollar. However, Marko Kolanovic, a former chief market analyst at JPMorgan, warns that silver is "almost guaranteed to drop ~50% from these levels within a year or so," citing the metal's history of price volatility.
The surge in gold and silver prices has also sparked concerns about their sustainability, with some analysts warning against overbidding on a tactical basis. Nicky Shiels, head of metals strategy at MKS PAMP, described the market as "broken given unheard-of volatility."
As tensions continue to escalate, investors will be watching closely to see if gold and silver prices can sustain this surge throughout the year.
The price of gold has surged to a new record high of $5,600, surpassing its previous all-time peak by over $200, as tensions between the US and Iran continue to escalate. The metal's price surge comes as investors seek safe-haven assets amid geopolitical uncertainty.
Gold prices have been on a tear since 2025, with Wednesday's gain of $220 marking its largest one-day dollar loss on record and its biggest percentage gain since March 2020. Analysts point to US-Iran tensions, a weak dollar, and market expectations of more Fed rate cuts as driving forces behind the surge.
"The U.S.-Iran geopolitical tensions, a weak dollar, and market expectations of more Fed rate cuts are driving prices to endless record highs," said Jamie Dutta, market analyst at Nemo.money.
Meanwhile, silver has also broken through the $120 mark, nearing its record high of $121.79 earlier in the day. Analysts attribute this surge to sustained international tensions, including President Trump's push to annex Greenland and concerns over the independence of the Federal Reserve.
"Hao Hong, chief investment officer at Lotus Asset Management, told Bloomberg Thursday morning gold and silver are the “ultimate safe-haven assets against extreme risk as geopolitical turbulence continues," said analysts.
However, not all experts share this optimism. Some analysts have expressed skepticism about the market's sustainability, citing "extreme price swings that don’t match up with supply and demand." Maximilian Tomei, CEO and co-portfolio manager at Galena Asset Management, described the market as "broken" due to its unpredictability.
As investors continue to watch gold and silver prices, Deutsche Bank predicts that gold could surpass a record $6,000 this year amid the weakening dollar. However, Marko Kolanovic, a former chief market analyst at JPMorgan, warns that silver is "almost guaranteed to drop ~50% from these levels within a year or so," citing the metal's history of price volatility.
The surge in gold and silver prices has also sparked concerns about their sustainability, with some analysts warning against overbidding on a tactical basis. Nicky Shiels, head of metals strategy at MKS PAMP, described the market as "broken given unheard-of volatility."
As tensions continue to escalate, investors will be watching closely to see if gold and silver prices can sustain this surge throughout the year.
I mean $5k+ is insane, but is it sustainable? 
idk, seems like market is getting out of control to me... what's next, gonna be a trillionaire because of inflation 
and btw, who needs that kinda money?!
gotta say, $5,600 is CRAZY! 
dollar weakness is def a factor, and us-iran tensions are getting pretty intense. maybe this is just the beginning of something bigger 
! I mean, think about it, we're seeing a record high for gold at $5,600? It's crazy! The weak dollar is definitely playing a role here, but I also love how investors are turning to safe-haven assets. It's like, the ultimate sign of confidence in gold and silver 
. And yeah, some experts might be worried about market sustainability, but I think it's all part of the game. Geopolitical turbulence is gonna keep driving prices up, so let's just roll with it 
!
. Gold is just a safe-haven asset, you know? People buy it when they're feeling uncertain about the future.
.
. Who knows what the future holds?
. Guess that weak dollar really knows how to make some assets shine (literally).
. All this anxiety about global politics and interest rates is making people go crazy for gold and silver like it's going out of style 
, and we need to separate the hype from the facts. As someone who's been around the block a few times, I'm seeing a lot of overbidding happening here, which could lead to some nasty price drops down the line 
, and we need to keep our wits about us if we want to make sense of it all 
$5,600 for a bar of gold is just wild. I get why people are buying it up - US-Iran tensions are crazy and dollar weakness doesn't help anyone's pockets. But at the same time, isn't it a bit...excessive? Like, we're not even talking about a global economic collapse here yet? 
That would definitely be an interesting safe-haven asset. 
The Fed's gonna cut rates and US-Iran tensions are making everyone go "YAAAS, let's buy some gold!" 
Meanwhile, silver is like the cool cousin who's also getting in on the action 
but to be honest, I'm still not sure if I fully get what that means. anyway, with all these tensions between the US and Iran, it's no wonder prices are going up 
6000 bucks seems crazy though, I mean I've seen some wild price fluctuations in the gaming world where you can buy a sick new GPU for under 500 but gold? 
. $5,600 for gold? Come on 
. If anything, it'll be good for the economy to have some uncertainty 
. I'm surprised they're not being more dovish already 
. It's just a bunch of market players trying to make a quick buck 
, predicting prices that'll never come true 
.
No thanks 
. Marko Kolanovic's warning about it dropping 50% in a year? Sounds legit 
to me 
!