Spot gold was up 2.2% at $5,091.61 an ounce by 1140 GMT after hitting a record $5,110.50. U.S. gold futures for February delivery gained the same amount to $5,089.90

International News via Reuters:

Gold prices extended their record-setting rally to surge past $5,100 on Monday as central banks and investors sought refuge from geopolitical risks and Trump-induced market volatility.

Spot gold was up 2.2% at $5,091.61 an ounce by 1140 GMT after hitting a record $5,110.50. U.S. gold futures for February delivery gained the same amount to $5,089.90.

Gold soared 64% in 2025 for its biggest annual gain since 1979, shattering multiple records on the back of safe-haven demand, U.S. monetary policy easing, robust central bank purchases and record inflows into exchange-traded funds.

Prices have already risen about 18% since the start of this year.

U.S. President Donald Trump and the uncertainty he creates on multiple levels remain the main driver of surging prices and investment momentum driven by a fear of missing out, said Ole Hansen, head of commodity strategy at Saxo Bank.

In his latest tariff threats, Trump said on Saturday that he would impose a 100% tariff on Canada if it follows through on a trade deal with China. 

Meanwhile, the yen hit a two-month peak against the dollar as speculation grew over possible U.S.-Japan intervention while investors also unwound dollar positions ahead of this week’s Federal Reserve meeting and possible announcement of a new Fed chair.

The dollar index fell to a four-month low, indicating weakness that makes dollar-priced metals more attractive for overseas buyers. [USD/]

Analysts have said that gold has more room to climb this year, potentially towards $6,000, on mounting global tensions and strong demand from central banks as well as consumers.

Further upside cannot be ruled out in stress scenarios, particularly if confidence in currencies or financial assets deteriorates further, said Alexander Zumpfe, precious metals trader at Heraeus Metals Germany, adding that such moves could be accompanied by sharp interim corrections.

Spot gold has cleared resistance at $5,070 and is expected to rise into a range of $5,154 to $5,206 an ounce, said Reuters technical analyst Wang Tao.

Eventually, it could climb to $5,427, he added.

Spot silver scaled new heights at $110.11 an ounce and was last up 5.8% at $108.92. 

Silver climbed above $100 for the first time on Friday, building on its record 147% rise last year as retail flows and momentum-driven buying compounded a prolonged spell of tightness in physical markets.

Spot platinum jumped by 4.4% to $2,888.51 an ounce after touching a record $2,918.80 while spot palladium climbed by 5.3% to $2,115.75 after registering a more than three-year high of $2,142.70.

Reporting by Swati Verma, Kavya Balaraman and Pablo SinhaEditing by David Goodman

Boeing’s share price has nearly caught up to where it was about two years ago, before a mid-air panel blowout on a nearly new Alaska Airlines 737 MAX

International News via Reuters:

Boeing’s plans to increase jetliner production and its outlook for improving free cash flow in the coming years will be key topics for analysts and investors when the planemaker reports fourth-quarter earnings on Tuesday. While the company is expected to report another quarterly loss, investors are looking for continued recovery from years of crises.

Boeing’s share price has nearly caught up to where it was about two years ago, before a mid-air panel blowout on a nearly new Alaska Airlines 737 MAX. The accident exposed systemic production-quality problems at Boeing that dropped the share price over 30% in 2024.

Last year appears to have been a turnaround year for Boeing, which stabilized and raised output of its cash-cow 737 MAX jet. It also sold subsidiary Jeppesen for $10.6 billion, acquired its largest supplier Spirit AeroSystems, won the U.S. F-47 fighter contract, and beat European rival Airbus on new orders for the first time in several years.

CERTIFICATION STRUGGLES CONTINUE

But the company is still struggling to certify the 737 MAX 7 and 10 – the smallest and largest variants of the popular single-aisle jet – and the wide-body 777X, which is already six years behind schedule. 

Boeing is expected by Wall Street analysts to post a loss of 39 cents per share in the fourth quarter, according to LSEG data.

The view among many top analysts is that Boeing has more upside than risk – 24 of 29 analysts surveyed by LSEG recommend buying. Which way it goes depends in large part on whether Boeing can continue increasing 737 production above a federally imposed cap of 38 airplanes a month. Federal regulators approved increasing output to 42 per month in October.

“They built up a lot of inventory over the last couple of years, so 42 a month is not a major challenge,” Bernstein aerospace investment analyst Doug Harned said. “When they get to 47 a month, then they’re going to have to get the supply chain to ramp up.” 

Boeing CEO Kelly Ortberg has previously said the company will not increase the rate more often than every six months. Even taking nine to 12 months to increase the production rate is OK, so long as it is stable and not plagued with quality and safety problems as it was after the pandemic, Harned said.

With enough jet orders to keep it busy past 2030, investors want to know when Boeing’s free cash flow, a metric closely watched by investors, will break $10 billion. Bernstein forecasts passing that mark in 2028. Cash flow was expected to be negative in 2025. 

The “math needs to add up to more than $10 billion” in free cash flow sooner than later to “satisfy the bulls,” BNP Paribas analyst Matthew Akers wrote in a research note previewing earnings. A rare bear on Boeing, Akers projects Boeing hitting $9 billion in free cash flow in 2029.

Reporting by Dan Catchpole in Seattle; editing by Peter Henderson, Rod Nickel