The US dollar index tumbles, and the price of gold approaches the $5,000 mark.

As the situation in Greenland continues to escalate, tensions between the United States and Europe are increasing, and European investors are seeking to exit US dollar assets amid concerns. In this context, gold as a safe-haven asset has become a secure alternative to the US dollar, continuing to be favored by investors. In the past week, the US dollar had its worst week since June 2025, with the dollar index plummeting nearly 2%; gold, on the other hand, achieved its best weekly performance in nearly six years, with an increase of 8.4%, and silver surged by 14.4%. The US dollar index had already fallen by 9.5% in 2025, marking the largest annual decline since 2017, and currently shows no sign of stopping the decline. At the same time, the price of silver has broken through the $100 per ounce mark, and the price of gold is approaching the $5,000 per ounce mark.