Gold bullion can be seen after being removed from casts at the ABC Refinery smelter in Sydney on April 29, 2025. David Gray/AFP via Getty ImagesSpot gold prices shot past $5,000 per ounce for the first time in early morning global trade on Monday as investors continued to park funds in the bullion amid geopolitical tensions and other factors.Spot gold ended Friday at $4,982 per ounce. On Sunday, it was trading at $5,080, as of 10:10 p.m. ET, after exceeding $5,093—up nearly 2 percent from Friday’s close. Since Jan. 19, gold prices have registered gains every single day. Gold opened the year at around $4,329.
Gold Rushes Past $5,000 to Record High
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