L’or franchit le cap des 5 000 dollars et établit un nouveau record historique

The gold market entered an unprecedented era this week as the precious metal shattered the historic $5,000 per ounce threshold, a milestone that underscores the deepening anxieties permeating global financial markets. This remarkable ascent is largely viewed by analysts as a visceral reaction to the re-emergence of Donald Trump on the American political stage, an event that has fundamentally recalibrated expectations regarding trade protectionism, fiscal stability, and geopolitical alignment. The breach of this psychological barrier on Sunday was not merely a fleeting spike but rather the precursor to a sustained rally that saw bullion extend its gains into Monday's session. As trading commenced for the week, the momentum intensified with gold prices surging more than 1.8% to eclipse $5,106.96, after reaching an intraday zenith of $5,128.85. This aggressive buying pressure reflects a broader flight to safety among institutional investors who are increasingly wary of a multi-front escalation in global volatility. The narrative driving this surge is increasingly complex, weaving together a tapestry of trade disputes and shifting diplomatic alliances that threaten the post-Cold War economic order. A primary catalyst for this latest leg of the rally involves a sharpening of trade rhetoric between North American and Asian powers. Recent statements from Canadian Prime Minister Mark Carney have signaled a decisive cooling of relations between Ottawa and Beijing, with the Canadian government reportedly distancing itself from any comprehensive free-trade framework with China. This stance follows a series of pointed threats from the Trump administration, which has floated the prospect of imposing 100% tariffs on Canadian imports should our northern neighbor pursue closer commercial ties with the Chinese regime. Such aggressive protectionist posturing has forced investors to reconsider the stability of global supply chains and the future of the multilateral trading system. Beyond the immediate theater of trade wars, a constellation of geopolitical frictions continues to bolster gold’s safe-haven appeal. Tensions between the United States and Europe have reached an unusual fever pitch regarding the strategic status of Greenland, while the persistent instability in the Middle East remains a latent threat to global energy security and shipping lanes. These external pressures are compounded by domestic fiscal brinkmanship within the United States. The threat of a partial government shutdown looms large as Senate Democrats signal their intention to block a critical funding bill, raising the specter of legislative paralysis at a time when the market craves clarity. Against this backdrop of systemic risk, all eyes are turned toward the Federal Reserve’s upcoming policy meeting. Market participants largely anticipate that the central bank will maintain its current interest rate trajectory, a move that provides a supportive floor for non-yielding assets like gold amid lingering questions about the long-term path of inflation and monetary tightening. Having already demonstrated significant strength through the final quarter of 2025, gold has now accrued a staggering 17% gain since the start of the current year. This trajectory reaffirms bullion's central role as the ultimate hedge in a fragmented and increasingly volatile global landscape.