Shares of gold miners jumped in morning trading on Monday, as bullion prices surged to ​a record high of $5,100 an ounce, extending a historic rally driven ‌by safe-haven demand amid geopolitical uncertainties and market volatility.
Gold rose about 64% in 2025, its steepest annual increase since 1979, fueled by U.S. monetary policy easing, robust central bank buying, and investor flows into ETFs as a hedge ‌against global policy risks and macro uncertainty.
A low-interest-rate environment and ​economic uncertainty traditionally favor non-yielding assets such as gold.

“We now see gold reaching $6,000 per ounce by year-end, with the caveat that this is probably ‍a conservative estimate and it could well go higher,” said analysts at Societe Generale.
Bullion prices have set consecutive record peaks over the past week and have already risen more ⁠than 18% this year.
A higher gold price environment typically boosts miners’ ‍revenues and margins, strengthens cash flows and balance sheets, and gives companies more room to ‌fund ‌expansion, dividends or debt reduction.