Gold vaulted above $5,100 an ounce on Monday to an all-time peak, keeping up a historic rally as heightened geopolitical tensions lifted safe-haven demand.
Earlier, the price of safe-haven asset gold surpassed $5,000 on Sunday, hitting a record amid rising global uncertainty and turmoil set off by US President Donald Trump's policies.
Gold reached $5,026 an ounce in trading after sister metal silver blasted through $102 an ounce for the first time Friday.
While turbulence over Trump's ambitions for Greenland and pressure on the Federal Reserve have provided the most recent support for gold, the precious metal has for two years achieved all-time peaks on factors ranging from a weak dollar, strong central bank demand and elevated inflation.
Gold stood at just above $2,000 an ounce in January 2024.
The precious metal's price has also risen due to the wars in Ukraine and Gaza, as well as Washington's intervention in Venezuela.
"Over the past few days, gold's price action has been textbook safe-haven behaviour," said Fawad Razaqzada, market analyst at Forex.com.
"Underlying demand for protection is still there. Confidence in the dollar and bonds look a bit shaky."
Agencies