Mon, 26 Jan 2026

Mon, 26 Jan 2026 Gold tops $5,000 for first time ever, adding to historic rally

Gold is seen as a so-called safe-haven asset that investors buy in times of uncertainty and low interest rates.

* Gold price surpasses $5,000 per ounce for the first time, fueled by 60% increase in value last year and growing uncertainty over global trade policies.
* Investors are turning to gold as a safe-haven asset amid tensions between US and NATO over Greenland, US President Donald Trump's trade policies, and wars in Ukraine and Gaza.
* Gold's scarcity is also driving its appeal, with only 216,265 tonnes of the metal ever mined, equivalent to three to four Olympic-sized swimming pools.
* Central banks worldwide have been buying up gold, adding hundreds of tons to their reserves last year, as investors seek diversification in uncertain times.
* The US Federal Reserve's expected interest rate cut is also contributing to the surge in gold prices, which tend to rise when interest rates are lowered.
* Some experts warn that a positive economic surprise could lead to a decline in gold prices, but others believe the metal's demand will continue to grow driven by cultural and traditional factors.
* The increase in gold price has seen silver top $100 per ounce for the first time, with both metals benefiting from the shift away from the US dollar.
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