Gold at $5,000: The Calm Before the Surge? Let’s start with the yellow metal. Gold is trading above $5,000 an ounce with an 18% gain just in the first month of 2026—its best start since 1980. According to Saxo Bank’s Ole Hansen, this momentum could carry prices even higher, potentially reaching $5,500. And while headlines are asking is silver in a bubble, gold’s steady climb shows that the entire precious metals space is being revalued—not just one asset. He attributes the rise to several key factors: Ballooning U.S. fiscal debt A weaker dollar as “U.S. exceptionalism” fades Heightened geopolitical tensions Persistent inflation concerns And while Hansen cautions that many of these fears have yet to fully materialize, he acknowledges that…
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