Gold Prices Surge Past $5,600 as Safe-Haven Demand Intensifies

Gold futures hit a fresh all-time high on Thursday, with prices surpassing the $5,600 mark per troy ounce on the Comex division of the New York Mercantile Exchange. The precious metal saw an unprecedented rally, reaching a peak of $5,626.80 — a 7.35% increase — during early trading hours.

The surge follows a volatile overnight session where prices initially broke the $5,350 and $5,400 barriers. While the momentum slightly cooled to around $5,544 later in the session, the overnight spread of over $200 highlights intense market volatility.

Analysts attribute this historic rally to escalating geopolitical tensions and a global rush toward safe-haven assets.