Asian gold stocks rise and gold price approaches the $5000 mark.

With the gold price hitting a new high and approaching $5000 per ounce, Asian gold-related stocks have risen. Geopolitical risks and threats to the independence of the Federal Reserve have further supported the recent upward trend in gold prices. In early trading, the price of gold climbed to a historic high, breaking through $4960 per ounce, with a potential weekly gain of over 7%. In the Australian market, Regis Resources rose by as much as 9.1%, Evolution by 8.4%, and Greatland Resources by 11%. In the Japanese market, Sumitomo Metal Mining rose by 4.9%.