PRECIOUS-Gold rushes past $5,000 to record high

Gold surged to a record high above $5,000 an ounce on Monday, extending a historic rally as investors piled into the safe-haven asset amid rising geopolitical tensions.



Spot gold rose 0.85% to $5,024.95 per ounce by 2341 GMT, while U.S. gold futures for February delivery gained 0.91% to $5,024.60 per ounce.



Gold soared 64% In 2025, underpinned by sustained safe-haven demand, U.S. monetary policy easing, robust central bank purchases - with China extending its gold-buying spree for a fourteenth month in december - and record inflows into exchange-traded funds.



Prices have gained more than 16% this year.



Escalating friction between the United States and NATO Over Greenland has added fresh momentum to gold's advance this year on expectations of more financial and geopolitical uncertainty.