Gold prices in global commodity markets have surpassed a historic level, exceeding $5,000.

Axar.az reports that on “Comex” (April 2026 contract), the price of one troy ounce of gold reached $5,017, representing an increase of $67.6, or 1.37%, within a single day.

In the spot market, gold settled at $4,987, rising 1.04%.

At the same time, other precious metals also saw gains. Silver on Comex rose 5.15% to $101.33, platinum in the spot market increased 5.35% to $2,778, and copper climbed 2.92% to 594.75 cents per pound.

Analysts attribute the rise in prices mainly to increasing global geopolitical risks, stronger demand for gold from central banks, uncertainties related to inflation and interest rates, and investors turning to “safe-haven” assets. Fluctuations in the U.S. dollar and a weakening risk appetite in financial markets are also among the factors supporting gold prices.