Gold has climbed above $5,100 per ounce for the first time, extending its rally as investors move further into safe-haven assets. The milestone follows months of upward pressure driven by rising geopolitical tension, shifting interest rate expectations and increased central bank demand.
The breakout reflects broad concerns across financial markets. Political instability in key regions and uncertainty over the direction of US foreign policy have contributed to a defensive turn in investor strategy. Safe-haven demand has picked up sharply, with gold outperforming most other asset classes so far this year.
Weaker US economic data and growing expectations of interest rate cuts in the second half of 2026 have helped drive real yields lower, supporting the non-yielding metal. A softer US dollar has added to the momentum, making gold more attractive to buyers globally.
KEFI Gold and Copper plc (LON:KEFI) is an exploration and development company focused on gold and copper deposits in the highly prospective Arabian-Nubian Shield. The Company operates in Ethiopia and Saudi Arabia with projects including Tulu Kapi project, Jibal Qutman EL and Hawiah.
