The gold price topped $5,100 per ounce in trading on Monday as investors moved into safe-haven assets, pushing silver above $100 and platinum past $2,800, according to market reports.
The rally followed President Trump saying over the weekend he would impose a 100% import tax on Canada if the country struck a trade deal with China, and after a separate threat to levy duties on eight European nations over objections to his Greenland efforts, as reported.
President Trump later relented on those tariff threats after announcing he and the NATO secretary-general had agreed on the contours of a deal over Greenland, a development that came amid heightened market uncertainty.
Nigel Green, CEO of deVere Group, said that current policy direction introduces unpredictability that pushes capital toward hard assets, adding that gold benefits when political signals create uncertainty about growth, inflation and international cooperation.
Fiscal concerns also fed the move into bullion, since in May Moody's Ratings downgraded the US credit rating from Aaa to Aa1, citing rising government debt, as reported by market sources.
Analysts further pointed to a weakening dollar as a driver of demand, with Susannah Streeter, chief investment strategist at Wealth Club, saying the greenback had taken another hit and prompted investors to recalibrate exposure to the US.
Some Wall Street analysts see more upside, with Société Générale analysts forecasting gold could reach $6,000 by year-end, according to the reports.
Market Tools and Price Data
Market data providers note that investors and consumers can track gold, silver and other metals across many formats, including prices per ounce, gram and kilogram, in 160 major currencies.
One service offers fast-loading charts, live spot prices for gold and silver in major currencies, spot platinum and palladium, plus related data such as the US Dollar Index and WTI crude, as described by the provider.
The service publishes historical gold charts spanning short and multi-decade ranges, technical analysis tools, gold-silver ratios, and currency converters to show how much gold can be bought with various currencies.
Users can also calculate values for karat gold jewelry, scrap gold, and coin valuations, save favorite charts, and access mobile app versions for iPhone and Android, the provider states.
