Global Markets Brief: Gold Smashes Historic $5,000 Barrier **Spot Market Surge** Gold prices have shattered historical records in early trading this week, surging past the psychological **$5,000 per ounce** mark to hit an intraday high of **$5,032**. This represents a blistering **64%** annual gain, signaling a full-blown bull market for precious metals. Silver has followed suit, breaking its own record to trade near **$100 per ounce**. **Indian Market Impact** In the domestic market, the rally is equally aggressive. On the MCX, gold futures have crossed **₹1.61 lakh per 10g**, while spot prices for 24-karat gold in major cities like Mumbai and Kolkata are holding firm at approximately **₹1,60,260**. Silver is trading near **₹3.35 lakh per kg**, reflecting sustained industrial and investment demand. **Geopolitical Drivers & Trade Tensions** The convergence of geopolitical frictions is the primary engine behind this ascent. Tensions have escalated following the U.S. administration's renewed push to acquire Greenland, triggering diplomatic spats with Europe and threats of a **10% tariff** on select European nations. Simultaneously, instability in Venezuela and persistent friction in the Middle East have compounded risk aversion, driving capital aggressively toward safe-haven assets. **Shift Away from U.S. Assets** A distinct "Sell America" sentiment is emerging among institutional investors. Reports indicate that major Northern European pension funds are reducing exposure to U.S. Treasuries, citing concerns over spiraling U.S. debt and policy unpredictability. This rotation is weighing on the dollar and amplifying gold's appeal as the ultimate hedge against fiat debasement and sovereign credit risk. **Central Bank & Monetary Outlook** Structural support remains robust as central banks continue to diversify reserves. The People's Bank of China has extended its buying streak, now exceeding **14 consecutive months** of accumulation. Market pricing also suggests aggressive Federal Reserve easing in **2026**, with investors betting that lower real yields will further fuel the rally. Analysts at major banks have revised their year-end targets, with some forecasting a push toward **$5,400** if current momentum holds.