WASHINGTON: The price of safe-haven asset gold surpassed US$5,000 on Sunday, hitting a record amid rising global uncertainty and turmoil set off by US President Donald Trump's policies.

Gold reached US$5,026 an ounce in trading after sister metal silver struck US$100 an ounce for the first time on Friday.

While turbulence over Trump's ambitions for Greenland and the Federal Reserve have been the most recent support for gold, the precious metal has for two years achieved all-time peaks on factors ranging from a weak dollar, strong central bank demand and elevated inflation.

Gold stood at just above US$2,000 an ounce in January 2024.

Its price has also risen due to the wars in Ukraine and Gaza, as well as recent pressure by Washington on Venezuela.