Two years ago, economists said a gold price of 3 000 per ounce was far out of reach. A year ago, the gold price was just 2 600, but then volatile geopolitics started driving it higher: first past 3 000 and then past 4 000, prompting economists to consider whether 5 000 is possible.
Well, here is our answer. This morning, the gold price crossed the psychological line of 5000 for the first time ever and is now trading at 5 074.48. The rand is also doing well, currently trading at R16.08.
Geopolitical chess game picking up momentum, and gold offers safe havenMaarten Ackerman, chief economist at Citadel, says as we enter 2026, the geopolitical chess game is picking up momentum, especially with US President Donald Trumps involvement in Venezuela and the talks around the invasion of Greenland.
