Gold rises toward $5,000 as weaker Dollar adds impetus to rally

Gold prices have surged to a record high near $5,000 an ounce, driven by a weaker dollar and geopolitical risks, with silver also hitting a record high. The US dollar's decline and threats to the Federal Reserve's independence have fueled the rally in precious metals. Investors are now looking forward to President Trump's choice for the next Fed chair, which could further impact gold prices.