- Gold prices have crossed the $5,000 per ounce mark for the first time in history
- The precious metal has gained over 60 per cent so far in 2025 amid rising global uncertainty
- Geopolitical tensions and fears of renewed trade disruptions have fuelled investor demand for safe-haven assets
Gold prices have broken the $5,000 (£3,659) per ounce mark for the first time ever, extending an extraordinary rally that has seen the metal rise by more than 60 per cent in 2025. The surge carries major implications for leading producers such as Ghana, Africa’s largest gold-producing nation.
The rally has been driven by heightened geopolitical and financial uncertainty, including escalating tensions between the United States and NATO over Greenland, alongside renewed fears of global trade disruptions. Investor sentiment has also been rattled by US President Donald Trump’s hardline trade posture, particularly his threat to impose a 100 per cent tariff on Canada should it conclude a trade agreement with China.
For Ghana, where gold is a cornerstone export and a major source of foreign exchange, the price spike could significantly boost export earnings, strengthen fiscal revenues, and improve the country’s balance of payments. This comes at a crucial moment as policymakers work to consolidate macroeconomic stability.
Gold and other precious metals continue to attract investors as safe-haven assets during periods of uncertainty. The broader commodities rally has also lifted other metals, with silver surpassing $100 an ounce for the first time on Friday, extending its near 150 per cent rise in 2025.
