Gold has hit a fresh record, briefly reaching $5,591 per ounce before settling around $5,542. This marks a rise of more than 10% in just one week. Analysts attribute the surge to escalating U.S. debt, a weakening dollar, and growing global tensions, particularly with Iran and parts of Europe. As the trade system shifts from a U.S.-led model to regional blocs, gold is becoming essential portfolio insurance rather than just a crisis hedge. Silver is also climbing towards the $120 mark, although a pullback could be on the horizon. With the Federal Reserve holding rates steady and inflation remaining high, analysts expect supportive fundamentals throughout 2026. According to GoldSilver.com, global gold demand hit an all-time high in 2025, driven largely by investment, which surged 84%. Meanwhile, Bitcoin's narrative as 'digital gold' falters as it behaves more like a risk asset, with significant capital withdrawal from Bitcoin-linked funds. In contrast, physical metals are currently the preferred safe haven for investors, highlighting a pivotal shift in market dynamics. As the Federal Reserve maintains its current interest rate, the landscape for precious metals looks promising, yet caution is advised amid the volatility in the broader commodities market. Investors should brace for continued fluctuations as the interplay of geopolitical tensions and economic indicators unfolds.