Gold Nears $5,000 Record as Weak Dollar Fuels Rally, Geopolitical Risks Mount

• Gold surged to a record high near $5,000 an ounce, driven by a weaker US dollar and increasing geopolitical risks.
• Bullion climbed above $4,960, on track for over 7% weekly gain; silver also hit a new record.
• A weaker dollar makes gold more affordable for international buyers, boosting demand.
• Geopolitical tensions in Venezuela, Iran, and Greenland, alongside Trump's Fed attacks, push investors towards gold as a safe haven.
• Goldman Sachs raised its year-end forecast to $5,400, citing strong private and central bank demand amid policy uncertainty.

Why It Matters: Gold is rallying towards $5,000 due to a weaker dollar, geopolitical risks, and increased investor demand.