El.kz / Aigerim Yesskendirova / Grok

Gold prices soar 2.1% amid geopolitical issues

05.01.2026 14:07

The ounce price of gold rose by 2.1% compared to the last week amid geopolitical issues, El.kz cites Anadolu.

The price of gold was $4,421 as of 0720GMT, increasing by around $90 per ounce from Friday to Monday.

The US raid on Venezuela and President Donald Trump's threats against other countries have heightened geopolitical concerns globally, leading to increased demand for gold.

Last month, gold rose to a record $4,525.96 per ounce.

Silver's price also rose by 3.94%, hitting $75.5 per ounce on Monday.