Gold continues to approach the $5,000 per ounce level as geopolitical risks dominate global forecasts.

The gold market continues to attract significant attention as investors seek to hedge against geopolitical uncertainty. The precious metal may maintain its strong upward trend, given that global economic leaders have identified geo-economic confrontation as the biggest risk facing the world this year, followed by conflicts between states, extreme weather events, societal polarization, and disinformation, according to the latest report from the World Economic Forum.