Crisis should become an opportunity

Gold could test $5,000 soon.

With more global uncertainty, gold is up another $64 to $4,742.68.

For one, there’s new uncertainty as investors react to President Trump’s threat to impose tariffs on eight European countries opposed to the proposed U.S. takeover of Greenland.

Other factors for gold’s rise include expectations of more interest rate cuts, central banks adding hundreds of tonnes of gold to their reserves, and strong inflows into exchange-traded funds (ETFs).

For example, according to the World Gold Council, as gold prices shattered records about 53 times in 2025, annual inflows into physically backed gold ETFs rocketed to $89 billion, “the largest on record as the gold price delivered its strongest performance since 1979. In turn, global gold ETFs’ assets under management (AUM) doubled to an all-time high of US$559 billion, with holdings reaching a historic peak of 4,025t, up from 3,224t in 2024.”