Jan 5, 2026, 11:14 amJan 5, 2026, 11:14 am
Gold and silver prices benefited on Monday from increased political uncertainty following the US attack on the oil-rich South American nation of Venezuela.
At the end of December, the price of gold reached a record high.Image: keystone
The price of a troy ounce of gold (around 31.1 grams) rose by more than two percent to 4,424 US dollars. This means that gold is also heading for a plus on the second trading day of the year.
At the end of 2025, the gold price had fallen back to $4,275 after the record high of just under $4,550 reached on December 26th. Gold was one of the most sought-after asset classes last year. The price had risen by 65 percent, the highest since 1979.
Precious metals as safe havens
For silver, the annual increase was significantly higher at almost 150 percent. On Monday, the price of silver rose by almost four percent to $75.5. The price of silver has fluctuated greatly in recent weeks. After the record high of just over $84 on December 29th, it temporarily fell back to $70.
Precious metals – especially gold – are viewed by many investors as so-called safe havens into which investors move money in times of political uncertainty. At the weekend, the United States’ attack on Venezuela worsened the situation in one of the world’s conflicts. (sda/dpa)
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